Post Utme Igbinedion University 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A public sector organization has the following transactions for the year ended December 31, 2023: Cash received from customers: ₦500,000 Cash paid to suppliers: ₦300,000 Cash paid to employees: ₦200,000 Cash received from government grant: ₦100,000 Cash paid for rent: ₦50,000 Cash paid for utilities: ₦20,000 Cash paid for insurance: ₦10,000 Cash paid for travel: ₦5,000 What is the net cash inflow for the year?

Answer Options

A. ₦120,000
B. ₦130,000
C. ₦140,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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