Post Utme Futo 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A public sector organization has the following transactions for the month of January: Debit: ₦100,000 (Cash) and ₦50,000 (Office Supplies) Credit: ₦150,000 (Office Supplies) and ₦200,000 (Cash) What is the net effect on the organization's cash balance?

Answer Options

Correct Answer A. ₦50,000 decrease
B. ₦50,000 increase
C. ₦100,000 decrease
D. ₦100,000 increase
Correct Answer
A
Correct Option:
₦50,000 decrease

About This Question

This is Post Utme Futo 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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