Post Utme Ims U 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company's cash book as of December 31, 2024, is as follows: Debit Cash ₦50,000 Bank ₦30,000 Credit Sales ₦100,000 Purchases ₦80,000 What is the net cash balance of the company?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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