Post Utme Esut 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦1,200,000 on credit, sold goods for ₦1,500,000 on credit, and paid cash of ₦300,000. What is the net effect on the company's cash balance?

Answer Options

A. ₦1,200,000
B. ₦1,500,000
C. ₦300,000
Correct Answer D. ₦0
Correct Answer
D
Correct Option:
₦0

About This Question

This is Post Utme Esut 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support