Post Utme Coal City University 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: Cash 10,000, Credit: Bank 15,000. What is the effect of this transaction on the company's cash balance?

Answer Options

Correct Answer A. ₦25,000 decrease
B. ₦25,000 increase
C. ₦10,000 decrease
D. ₦10,000 increase
Correct Answer
A
Correct Option:
₦25,000 decrease

About This Question

This is Post Utme Coal City University 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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