Post Utme Joseph Ayo Babalola University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the cash basis of accounting. If the company has cash of ₦500,000 and accounts payable of ₦200,000, what is the net amount of current assets?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

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