Post Utme Lasu 2017 Accounting Question 38
Practice objective / multiple choice question 38 from the 2017 Post Utme Lasu Accounting examination.
A government agency is responsible for the collection of taxes. The following transactions occurred during the month of January: January 1: Cash: ₦100,000 (Opening balance) January 5: Cash: ₦50,000 (Receipts from taxpayers) January 10: Cash: ₦20,000 (Payment to suppliers) January 15: Cash: ₦30,000 (Receipts from taxpayers) January 20: Cash: ₦40,000 (Payment to employees) January 25: Cash: ₦60,000 (Receipts from taxpayers) January 31: Cash: ₦10,000 (Closing balance) Determine the total amount of taxes collected during the month.
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About This Question
This is Post Utme Lasu 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.
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