Post Utme Eksu 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Eksu Accounting examination.

Post Utme Eksu 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2021 • ACCOUNTING • objective

A company has the following transactions for the month of January: Jan 1: Cash 10,000 Jan 5: Purchase of office equipment 5,000 Jan 10: Sale of goods 20,000 Jan 15: Purchase of inventory 15,000 Jan 20: Sale of goods 30,000 Jan 25: Purchase of office equipment 8,000 Jan 31: Sale of goods 25,000 What is the total cash balance at the end of January?

Answer Options

A. ₦63,000
Correct Answer B. ₦65,000
C. ₦67,000
D. ₦69,000
Correct Answer
B
Correct Option:
₦65,000

About This Question

This is Post Utme Eksu 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Eksu Accounting examination.

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