Post Utme Eksu 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A public sector organization has the following transactions in its cash book: Debit: ₦1,000,000 (cash received from customers) ₦500,000 (cash received from government grant) ₦200,000 (cash paid to suppliers) ₦300,000 (cash paid to employees) Credit: ₦1,500,000 (cash paid to creditors) ₦800,000 (cash paid to government) What is the balance in the cash book?

Answer Options

A. ₦200,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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