Post Utme Lasu 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies on account for ₦5,000, Sold merchandise on account for ₦20,000, Purchased merchandise for ₦15,000 cash. Prepare a statement of cash flows.

Answer Options

Correct Answer A. Cash Flows from Operations ₦35,000, Cash Flows from Investing ₦15,000, Cash Flows from Financing ₦0
B. Cash Flows from Operations ₦30,000, Cash Flows from Investing ₦15,000, Cash Flows from Financing ₦0
C. Cash Flows from Operations ₦25,000, Cash Flows from Investing ₦15,000, Cash Flows from Financing ₦0
D. Cash Flows from Operations ₦20,000, Cash Flows from Investing ₦15,000, Cash Flows from Financing ₦0
Correct Answer
A
Correct Option:
Cash Flows from Operations ₦35,000, Cash Flows from Investing ₦15,000, Cash Flows from Financing ₦0

About This Question

This is Post Utme Lasu 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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