Post Utme Coal City University 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A public sector organization, XYZ Ltd, has the following transactions during the year: Purchase of goods 100,000; Sale of goods 150,000; Wages 20,000; Rent 10,000. Prepare the cash flow statement, showing the operating, investing and financing activities.

Answer Options

A. Operating Activities: 30,000; Investing Activities: -100,000; Financing Activities: 20,000
B. Operating Activities: 30,000; Investing Activities: 50,000; Financing Activities: -20,000
Correct Answer C. Operating Activities: 40,000; Investing Activities: -100,000; Financing Activities: 20,000
D. Operating Activities: 40,000; Investing Activities: 50,000; Financing Activities: -20,000
Correct Answer
C
Correct Option:
Operating Activities: 40,000; Investing Activities: -100,000; Financing Activities: 20,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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