Post Utme Lasu 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company prepares its financial statements on a cash basis. What is the effect of the following transaction on the cash flow statement?

Answer Options

A. Increase in cash
Correct Answer B. Decrease in cash
C. No effect on cash
D. Increase in accounts receivable
Correct Answer
B
Correct Option:
Decrease in cash

About This Question

This is Post Utme Lasu 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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