Post Utme Igbinedion University 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

A public sector organization has the following transactions for the month of January: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 | Cash | 10,000 | | | 2 | Bank | | 10,000 | | 3 | Office Equipment | 8,000 | | | 4 | Office Equipment | | 8,000 | | 5 | Salaries | 20,000 | | | 6 | Salaries | | 20,000 | | 7 | Rent | 15,000 | | | 8 | Rent | | 15,000 | | 9 | Miscellaneous | 5,000 | | | 10 | Miscellaneous | | 5,000 | What is the total amount of cash received and paid during the month?

Answer Options

A. ₦ 53,000
B. ₦ 58,000
Correct Answer C. ₦ 63,000
D. ₦ 68,000
Correct Answer
C
Correct Option:
₦ 63,000

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Igbinedion 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