Post Utme Ims U 2018 Accounting Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 6 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A public sector organization has a cash book account with the following transactions: Debit: ₦1,000, Credit: ₦500. What is the net effect on the cash book balance?

Answer Options

A. ₦500 increase
B. ₦1,000 increase
Correct Answer C. ₦500 decrease
D. ₦1,000 decrease
Correct Answer
C
Correct Option:
₦500 decrease

About This Question

This is Post Utme Ims U 2018 Accounting Question 6. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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