Post Utme Ksu 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased goods on credit for ₦50,000, sold goods on credit for ₦60,000, and paid cash for salaries of ₦10,000. What is the net effect on the company's cash balance?

Answer Options

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

About This Question

This is Post Utme Ksu 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Ksu Accounting examination.

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