Post Utme Aaua 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A single-entry system of accounting records the following transactions: 'Rent Received ₦10,000', 'Rent Paid ₦8,000', 'Salaries Paid ₦12,000'. What is the net effect on the company's cash balance?

Answer Options

A. ₦10,000 increase
Correct Answer B. ₦2,000 increase
C. ₦2,000 decrease
D. ₦10,000 decrease
Correct Answer
B
Correct Option:
₦2,000 increase

About This Question

This is Post Utme Aaua 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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