Post Utme Al Hikmah University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials on credit for ₦50,000. Sold goods on credit for ₦100,000. Purchased office supplies for ₦20,000 in cash. What is the total amount of cash paid or received during the period?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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