Post Utme Afe Babalola University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₹50,000, sold goods for ₹70,000, and returned goods worth ₹10,000. What is the net effect on the company's cash balance?

Answer Options

A. ₹20,000
Correct Answer B. ₹30,000
C. ₹40,000
D. ₹50,000
Correct Answer
B
Correct Option:
₹30,000

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Accounting examination.

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