Post Utme Achievers University 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: - Received ₦50,000 cash from the government for a grant. - Paid ₦20,000 cash to a supplier for goods purchased. - Received ₦30,000 cash from customers for services rendered. - Paid ₦10,000 cash to an employee as salary. What is the total cash received by the organization for the year?

Answer Options

Correct Answer A. ₦60,000
B. ₦50,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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