Post Utme Babcock University 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A government agency has the following transactions: Receipt of ₦100,000 from the Ministry of Finance, Payment of ₦50,000 to a supplier, and Payment of ₦20,000 to an employee. What is the correct amount of the agency's cash balance?

Answer Options

A. ₦130,000
Correct Answer B. ₦120,000
C. ₦110,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Babcock University 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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