Post Utme Igbinedion University 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debtors: ₦150,000 Creditors: ₦100,000 What is the net effect on the company's cash position?

Answer Options

Correct Answer A. ₦50,000 increase
B. ₦50,000 decrease
C. ₦100,000 increase
D. ₦100,000 decrease
Correct Answer
A
Correct Option:
₦50,000 increase

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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