Post Utme Eksu 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for 2,000 cash, Sold office supplies for 1,000 cash, and Purchased office equipment for 3,000 cash. What is the net effect on cash?

Answer Options

A. \2,000
B. \1,000
Correct Answer C. \-2,000
D. \3,000
Correct Answer
C
Correct Option:
\-2,000

About This Question

This is Post Utme Eksu 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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