Post Utme Al Hikmah University 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased a machine for ₦50,000; sold a machine for ₦30,000. What is the effect on the cash flow statement?

Answer Options

A. Increase in cash of ₦20,000
Correct Answer B. Decrease in cash of ₦20,000
C. Increase in cash of ₦10,000
D. Decrease in cash of ₦10,000
Correct Answer
B
Correct Option:
Decrease in cash of ₦20,000

About This Question

This is Post Utme Al Hikmah University 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Accounting examination.

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