Post Utme Bowen University 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A public sector organization has the following transactions: Purchase of goods 10,000, Sale of goods 15,000, and Transfer of funds to the government 5,000. What is the net effect on the organization's cash balance?

Answer Options

Correct Answer A. 10,000 increase
B. 5,000 decrease
C. 15,000 increase
D. 20,000 decrease
Correct Answer
A
Correct Option:
10,000 increase

About This Question

This is Post Utme Bowen University 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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