Post Utme Afe Babalola University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A government agency has the following transactions: Cash received from taxpayers ₦500,000, Cash paid to suppliers ₦200,000, Cash paid to employees ₦150,000, Cash received from interest income ₦20,000, and Cash paid to interest expense ₦15,000. What is the net increase in cash?

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support