Post Utme Delsu 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Delsu Accounting examination.

Post Utme Delsu 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_DELSU • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials worth ₦200,000 on credit. Sold goods worth ₦300,000 for cash. Purchased machinery worth ₦100,000 on credit. Sold goods worth ₦250,000 on credit. Paid cash to suppliers ₦50,000. What is the total amount of cash received from customers?

Answer Options

A. ₦450,000
B. ₦500,000
Correct Answer C. ₦550,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦550,000

About This Question

This is Post Utme Delsu 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Delsu Accounting examination.

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