Post Utme Afe Babalola University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦20,000; Purchased office equipment for ₦50,000; Sold office equipment for ₦30,000. What is the net effect on the company's cash account?

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Accounting examination.

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