Post Utme Afe Babalola University 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions in its cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash received from customers | 100,000 | | | 2 Jan | Cash paid to suppliers | | 50,000 | | 3 Jan | Cash received from bank | | 20,000 | | 4 Jan | Cash paid to employees | 30,000 | | | 5 Jan | Cash received from customers | | 40,000 | What is the balance of the cash account?

Answer Options

Correct Answer A. ₦60,000
B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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