Post Utme Wellspring University 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions were recorded in the accounting period: Purchased office supplies for ₦10,000, sold goods for ₦50,000, and purchased equipment for ₦80,000. What is the total amount of assets recorded in the accounting period?

Answer Options

Correct Answer A. ₦140,000
B. ₦120,000
C. ₦100,000
D. ₦160,000
Correct Answer
A
Correct Option:
₦140,000

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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