Post Utme Greenfield University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company prepares its financial statements on a cash basis. During the year, it received ₦100,000 in cash from customers and paid ₦80,000 in cash to suppliers. What is the net cash inflow from customers?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Greenfield University Accounting examination.

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