Post Utme Bowen University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash received from customers | ₦50,000 | | | 2 Jan | Cash paid to suppliers | | ₦30,000 | | 3 Jan | Cash received from bank | ₦20,000 | | | 4 Jan | Cash paid to employees | | ₦25,000 | What is the balance on the cash account?

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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