Post Utme Greenfield University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: Cash ₥ 50,000, Bank ₥ 20,000 Credit: Purchases ₥ 50,000, Direct Labour ₥ 20,000 What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. ₥ 0
B. ₥ 20,000
C. ₥ 30,000
D. ₥ 40,000
Correct Answer
A
Correct Option:
₥ 0

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 25. It is one of the objective questions from the 2021 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