Post Utme Delsu 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

A company has the following transactions: Purchased goods on credit for ₦200,000; sold goods on credit for ₦240,000; and returned goods worth ₦20,000 to the supplier. What is the net effect on the company's cash account?

Answer Options

A. ₦20,000
Correct Answer B. ₦40,000
C. ₦60,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Delsu 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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