Post Utme Coal City University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the month of January: Purchase of office supplies for ₦25,000 cash Sale of goods for ₦80,000 on credit Payment of salaries of ₦35,000 by cheque What is the total amount of cash transactions for the month of January?

Answer Options

A. ₦60,000
B. ₦65,000
Correct Answer C. ₦70,000
D. ₦75,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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