Post Utme Ims U 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A government agency has the following transactions: a cash receipt of ₦100,000, a cash payment of ₦50,000, and a transfer of ₦20,000 to a different government agency. What is the net increase in cash?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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