Post Utme Aaua 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Aaua Accounting examination.

Post Utme Aaua 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AAUA • 2021 • ACCOUNTING • objective

A company has the following transactions in its cash book: (1) Cash sales of ₦50,000. (2) Cash purchases of ₦30,000. (3) Bank overdraft of ₦20,000. (4) Collection of cash from a customer of ₦40,000. What is the total cash balance at the end of the month?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Aaua 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.

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