Post Utme Lautech 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A public sector organization has the following transactions for the year ended December 31, 2022: Cash received from customers: ₦1,500,000 Cash paid to suppliers: ₦800,000 Cash paid to employees: ₦600,000 Cash received from government grant: ₦200,000 Cash paid for rent: ₦150,000 Cash paid for utilities: ₦50,000 What is the total cash outflow for the year?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,500,000
C. ₦1,800,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Lautech 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support