Post Utme Lautech 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: ₦1,500,000 cash received from the government for a grant ₦800,000 cash paid to suppliers ₦200,000 cash paid to employees ₦300,000 cash received from the sale of assets ₦400,000 cash paid to the government for taxes Calculate the net cash inflow for the year.

Answer Options

Correct Answer A. ₦1,100,000
B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,100,000

About This Question

This is Post Utme Lautech 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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