Post Utme Bowen University 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Debit: ₦100,000 (cash), ₦50,000 (office supplies), ₦20,000 (salaries) Credit: ₦150,000 (sales), ₦30,000 (office rent) What is the net effect of these transactions on the company's cash balance?

Answer Options

A. ₦20,000 increase
Correct Answer B. ₦20,000 decrease
C. ₦50,000 increase
D. ₦50,000 decrease
Correct Answer
B
Correct Option:
₦20,000 decrease

About This Question

This is Post Utme Bowen University 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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