Post Utme Abu 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A public sector organization's cash book as at 31st December, 2022, showed the following balances: Cash in Hand ₦50,000, Bank Balance ₦30,000, Cash Received from Customers ₦20,000, Cash Paid to Suppliers ₦15,000, Cash Paid to Employees ₦10,000, and Cash Paid for Rent ₦5,000. Prepare the cash flow statement for the year.

Answer Options

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

About This Question

This is Post Utme Abu 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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