Post Utme Covenant University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦150,000, and sold office equipment for ₦100,000. What is the net effect on the company's cash flow?

Answer Options

Correct Answer A. ₦50,000 increase
B. ₦50,000 decrease
C. ₦100,000 increase
D. ₦100,000 decrease
Correct Answer
A
Correct Option:
₦50,000 increase

About This Question

This is Post Utme Covenant University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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