Post Utme Bowen University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦100,000 on credit; sold goods for ₦120,000 on credit; and received cash of ₦50,000. What is the total amount of cash received?

Answer Options

A. ₦150,000
Correct Answer B. ₦160,000
C. ₦170,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦160,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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