Post Utme Coal City University 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. If the company receives ₦1,500,000 in cash and pays ₦500,000 in salaries, what is the net increase in cash?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦500,000
C. ₦0
D. ₦750,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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