Post Utme Aaua 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A government agency has the following transactions for the year: ₦0,000 cash received from the sale of assets ₦0,500 cash paid for office supplies ₦0,200 cash received from the sale of goods ₦0,300 cash paid for salaries Prepare a statement of cash flows for the year.

Answer Options

Correct Answer A. ₦0,000 (inflow) - ₦0,500 (outflow) = ₦0,500 (net inflow)
B. ₦0,200 (inflow) - ₦0,300 (outflow) = ₦0,100 (net inflow)
C. ₦0,000 (inflow) - ₦0,200 (outflow) = ₦0,200 (net outflow)
D. ₦0,500 (inflow) - ₦0,300 (outflow) = ₦0,200 (net inflow)
Correct Answer
A
Correct Option:
₦0,000 (inflow) - ₦0,500 (outflow) = ₦0,500 (net inflow)

About This Question

This is Post Utme Aaua 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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