Post Utme Ims U 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies on account for ₦50,000, Sold merchandise on account for ₦150,000, Purchased merchandise for cash ₦200,000. What is the total amount of cash received?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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