Post Utme Esut 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A government agency has the following transactions: 1. Received a grant of ₦1,000,000. 2. Paid salaries of ₦800,000. 3. Purchased equipment for ₦200,000. What is the net effect on the agency's cash balance?

Answer Options

Correct Answer A. ₦0
B. ₦100,000
C. ₦200,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦0

About This Question

This is Post Utme Esut 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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