Post Utme Igbinedion University 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has an account receivable of ₦500,000 and an account payable of ₦200,000. If the company's cash balance is ₦300,000, what is the net amount of cash available for distribution?

Answer Options

A. ₦200,000
Correct Answer B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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