Post Utme Lead City University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the single-entry system. The following transactions were recorded: Cash received from customers ₦1,000,000, Cash paid to suppliers ₦800,000, and Cash paid to employees ₦600,000. What is the net cash inflow for the period?

Answer Options

A. ₦200,000
Correct Answer B. ₦400,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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