Post Utme Afe Babalola University 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions: Purchase of inventory for ₦50,000, Sale of inventory for ₦60,000, and Payment of cash for ₦20,000. What is the net effect on the company's cash balance?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Accounting examination.

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