Post Utme Futa 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: ₦10,000 received from the government for a grant ₦20,000 paid to an employee as salary ₦15,000 paid to a supplier for goods purchased ₦5,000 received from the sale of assets What is the net cash outflow for the year?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Futa 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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