Post Utme Esut 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. If the agency receives ₦100,000 in cash from customers in a month, but also incurs expenses of ₦120,000, what is the net cash inflow for the month?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Esut 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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