Post Utme Afe Babalola University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A business uses the cash basis of accounting. If the company receives ₦10,000 in cash from customers and pays ₦5,000 in cash to suppliers, what is the net cash inflow?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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