Post Utme Igbinedion University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A public sector organization has the following transactions for the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st | Cash received from customers | ₦100,000 | | | 5th | Cash paid to suppliers | | ₦50,000 | | 10th | Cash received from customers | ₦80,000 | | | 15th | Cash paid to employees | | ₦30,000 | | 20th | Cash received from customers | ₦120,000 | | | 25th | Cash paid to suppliers | | ₦40,000 | | 31st | Cash received from customers | ₦100,000 | | Prepare the cash book for the month of January.

Answer Options

Correct Answer A. ₦390,000
B. ₦380,000
C. ₦400,000
D. ₦410,000
Correct Answer
A
Correct Option:
₦390,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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