Post Utme Caleb University 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Sold office supplies for ₦5,000, and Purchased a new computer for ₦20,000. What is the net effect on the company's cash balance?

Answer Options

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

About This Question

This is Post Utme Caleb University 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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