Post Utme Wellspring University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦120,000 and sells it for ₦150,000. Calculate the gain on the sale of the machine.

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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