Post Utme Bowen University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Paid salaries of ₦50,000, and Collected cash from customers of ₦80,000. What is the net change in cash?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Bowen 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