Post Utme Esut 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchase of goods for ₦100,000, Sale of goods for ₦150,000, and Return of goods for ₦20,000. What is the net effect on the company's cash balance?

Answer Options

A. ₦30,000
Correct Answer B. ₦50,000
C. ₦70,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Esut 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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