Post Utme Ims U 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | ₦10,000 | | | 15 Jan | Office Supplies | | ₦5,000 | | 20 Jan | Rent | ₦8,000 | | | 25 Jan | Utilities | | ₦3,000 | | 31 Jan | Salaries | ₦15,000 | | What is the total amount of cash outflows for the year?

Answer Options

A. ₦31,000
Correct Answer B. ₦32,000
C. ₦33,000
D. ₦34,000
Correct Answer
B
Correct Option:
₦32,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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