Post Utme Aaua 2017 Accounting Question 28

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

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's single entry system shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash | 10,000 | | | 1st Jan | Bank | | 10,000 | | 15th Jan | Cash | | 5,000 | | 15th Jan | Bank | 5,000 | | | 20th Jan | Cash | | 8,000 | | 20th Jan | Bank | 8,000 | | What is the company's cash balance at the end of the month?

Answer Options

A. ₦13,000
Correct Answer B. ₦15,000
C. ₦17,000
D. ₦19,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

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

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