Post Utme Covenant University 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: purchase of equipment for ₦200,000, sale of goods for ₦150,000, and purchase of inventory for ₦75,000. What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. ₦25,000 decrease
B. ₦25,000 increase
C. ₦50,000 decrease
D. ₦50,000 increase
Correct Answer
A
Correct Option:
₦25,000 decrease

About This Question

This is Post Utme Covenant University 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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