Post Utme Esut 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company uses the accrual basis of accounting. At the end of the year, the company has accounts receivable of ₦100,000 and accounts payable of ₦50,000. What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. +₦50,000
B. +₦100,000
C. -₦50,000
D. -₦100,000
Correct Answer
A
Correct Option:
+₦50,000

About This Question

This is Post Utme Esut 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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