Post Utme Ims U 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A government agency has the following transactions: Cash received from taxpayers 100,000, Cash paid to suppliers 50,000, Cash received from interest on investments 20,000, and Cash paid to employees 30,000. What is the net increase in cash?

Answer Options

A. 40,000
Correct Answer B. 50,000
C. 60,000
D. 70,000
Correct Answer
B
Correct Option:
50,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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