Post Utme Covenant University 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions related to its accounts receivable account: Jan 1: Accounts receivable: ₦30,000 Jan 10: Sold goods on credit to customers: ₦25,000 Jan 15: Received cash from customers: ₦20,000 Jan 20: Sold goods on credit to customers: ₦35,000 What is the balance in the accounts receivable account on January 31?

Answer Options

A. ₦45,000
B. ₦50,000
C. ₦55,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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