Post Utme Achievers University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a single entry system and records the following transactions: purchases of goods ₦100,000, sales of goods ₦150,000, and cash received ₦50,000. What is the total amount of cash received?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Achievers University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support