Post Utme Bsu 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A company's balance sheet shows an increase in accounts payable of ₦50,000 and an increase in accounts receivable of ₦30,000. What is the net effect on the company's cash position?

Answer Options

Correct Answer A. Increase in cash by ₦20,000
B. Decrease in cash by ₦20,000
C. No change in cash position
D. Increase in cash by ₦10,000
Correct Answer
A
Correct Option:
Increase in cash by ₦20,000

About This Question

This is Post Utme Bsu 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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