Post Utme Joseph Ayo Babalola University 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000; Purchased equipment for ₦50,000; Sold office supplies for ₦5,000. What is the net effect of these transactions on the company's cash account?

Answer Options

A. ₦5,000 decrease
Correct Answer B. ₦10,000 decrease
C. ₦15,000 decrease
D. ₦20,000 decrease
Correct Answer
B
Correct Option:
₦10,000 decrease

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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