Post Utme Babcock University 2020 Accounting Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 9 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchase of goods ₦1,000,000, Sale of goods ₦1,500,000, Purchase of equipment ₦200,000. Prepare the cash book for the company.

Answer Options

Correct Answer A. ₦1,000,000 (outflow)
B. ₦500,000 (inflow)
C. ₦1,500,000 (outflow)
D. ₦2,000,000 (inflow)
Correct Answer
A
Correct Option:
₦1,000,000 (outflow)

About This Question

This is Post Utme Babcock University 2020 Accounting Question 9. It is one of the objective questions from the 2020 Post Utme Babcock 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