Post Utme Babcock University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BABCOCK_UNIVERSITY • 2021 • ACCOUNTING • objective

A business has the following transactions in its cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash received from customers | ₦100,000 | | | 2nd Jan | Cash paid to suppliers | | ₦50,000 | | 3rd Jan | Cash received from bank | | ₦20,000 | | 4th Jan | Cash paid to bank | ₦30,000 | | What is the total cash balance at the end of the month?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Babcock University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Babcock University Accounting examination.

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