Post Utme Christopher University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

In a manufacturing company, the following transactions occurred during the year: Purchased raw materials on credit for ₦150,000. Sold goods for ₦300,000 cash. Purchased machinery for ₦200,000 cash. Sold machinery for ₦250,000 cash. Paid ₦50,000 to a creditor. What is the total amount of cash received from customers?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Christopher 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