Post Utme Futa 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Futa Commerce examination.

Post Utme Futa 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_FUTA • 2017 • COMMERCE • objective

A sole trader business has a cash flow statement that shows a net cash inflow of ₦500,000. If the business has a cash balance of ₦200,000 at the beginning of the year, what is the new cash balance?

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦500,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Futa 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Futa Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support