Post Utme Coal City University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company, 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 book, showing the cash and bank columns.

Answer Options

Correct Answer A. Cash Column: 40,000; Bank Column: 60,000
B. Cash Column: 60,000; Bank Column: 40,000
C. Cash Column: 50,000; Bank Column: 50,000
D. Cash Column: 40,000; Bank Column: 60,000
Correct Answer
A
Correct Option:
Cash Column: 40,000; Bank Column: 60,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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