Post Utme Greenfield University 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A government agency has the following transactions: Received 10,000 in cash from the sale of goods, paid 5,000 in cash for salaries, and received 8,000 in cash from a grant. What is the net effect on the agency's cash balance?

Answer Options

Correct Answer A. 13,000 increase
B. 13,000 decrease
C. 3,000 increase
D. 3,000 decrease
Correct Answer
A
Correct Option:
13,000 increase

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting 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