Post Utme Lasu 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company's trial balance has the following accounts: Accounts Payable: ₦50,000, Accounts Receivable: ₦30,000, and Sales Revenue: ₦100,000. If the company uses the cash basis of accounting, what is the amount of cash received from customers?

Answer Options

A. ₦70,000
B. ₦80,000
C. ₦90,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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