Post Utme Futo 2024 Accounting Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice
Question 1 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A company uses the double-entry system to record transactions. If a customer pays ₦12,000 for goods sold, and the company has a 5% discount policy, what is the amount recorded in the cash book?

Answer Options

Correct Answer A. ₦11,400
B. ₦12,000
C. ₦12,600
D. ₦13,200
Correct Answer
A
Correct Option:
₦11,400

About This Question

This is Post Utme Futo 2024 Accounting Question 1. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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