Post Utme Coal City University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Cash received from customers | ₦10,000 | | | 1/2 | Cash paid to suppliers | | ₦5,000 | | 1/3 | Cash received from sales | ₦20,000 | | | 1/4 | Cash paid to employees | | ₦15,000 | What is the company's cash balance on 1/4?

Answer Options

Correct Answer A. ₦25,000
B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦25,000

About This Question

This is Post Utme Coal City University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.

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