Post Utme Caleb University 2023 Accounting Question 27

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

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions in its cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash received from customers | ₦100,000 | | | 2nd Jan | Cash paid to suppliers | | ₦80,000 | | 3rd Jan | Cash received from bank | ₦50,000 | | | 4th Jan | Cash paid to employees | | ₦30,000 | What is the balance of the cash account?

Answer Options

A. ₦30,000
Correct Answer B. ₦50,000
C. ₦70,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

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

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support