Post Utme Esut 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions were recorded in the cash book for the month of January: Cash received from customers: ₦120,000 Cash paid to suppliers: ₦80,000 Cash paid to employees: ₦30,000 Cash received from bank: ₦20,000 Cash paid to bank: ₦15,000 What is the total cash received by the company during the month of January?

Answer Options

A. ₦120,000
Correct Answer B. ₦140,000
C. ₦160,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦140,000

About This Question

This is Post Utme Esut 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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