Post Utme Elizade University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions in its cash book: Debit: Cash £ 1,000 Bank £ 500 Sales £ 2,000 Credit: Bank £ 1,500 Purchases £ 1,000 What is the balance on the cash account?

Answer Options

A. £ 1,500
Correct Answer B. £ 1,000
C. £ 500
D. £ 2,000
Correct Answer
B
Correct Option:
£ 1,000

About This Question

This is Post Utme Elizade University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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