Post Utme Igbinedion University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions related to its control accounts: 1. Purchased raw materials for ₦100,000 2. Consumed raw materials in production: ₦80,000 3. Sold goods for ₦120,000 4. Paid wages to employees: ₦60,000 5. Deposited cash into the bank: ₦50,000 What is the total amount of cash deposited?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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