Post Utme Lautech 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A sole trader business has a cash balance of ₦500,000 and accounts payable of ₦200,000. If the business receives a cash inflow of ₦300,000 and pays a cash outflow of ₦150,000, what is the new cash balance?

Answer Options

A. ₦550,000
Correct Answer B. ₦600,000
C. ₦650,000
D. ₦700,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Lautech 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

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