Post Utme Achievers University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a double entry system and records the following transactions: purchase of goods ₦100,000, sale 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 30. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

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