Post Utme Caleb University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦50,000, Paid salaries of ₦200,000, and Collected cash from customers of ₦300,000. What is the net increase in cash?

Answer Options

A. ₦50,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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