Post Utme Babcock University 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: purchased goods for ₦500,000, sold goods for ₦700,000, and paid salaries of ₦150,000. What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. ₦250,000 increase
B. ₦250,000 decrease
C. ₦500,000 increase
D. ₦500,000 decrease
Correct Answer
A
Correct Option:
₦250,000 increase

About This Question

This is Post Utme Babcock University 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

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