Post Utme Achievers University 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the year: 1. Purchased office supplies for ₦5,000 cash. 2. Sold goods for ₦20,000 cash. 3. Purchased a machine for ₦10,000 cash. 4. Paid rent for ₦8,000 cash. What is the total amount of cash transactions?

Answer Options

A. ₦33,000
Correct Answer B. ₦38,000
C. ₦43,000
D. ₦48,000
Correct Answer
B
Correct Option:
₦38,000

About This Question

This is Post Utme Achievers University 2021 Accounting Question 30. It is one of the objective questions from the 2021 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