Post Utme Bells University 2020 Accounting Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Bells University Accounting examination.

Post Utme Bells University 2020 Accounting Objective / Multiple Choice
Question 5 POST_UTME_BELLS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the following single-entry system: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 01/01 | Cash received from customers | | ₦200,000 | | 02/01 | Cash paid to suppliers | ₦150,000 | | | 03/01 | Cash received from bank | | ₦180,000 | | 04/01 | Cash paid to employees | ₦120,000 | | What is the total amount of cash received?

Answer Options

A. ₦380,000
B. ₦400,000
Correct Answer C. ₦420,000
D. ₦440,000
Correct Answer
C
Correct Option:
₦420,000

About This Question

This is Post Utme Bells University 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Bells University Accounting examination.

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