Post Utme Madonna University 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 | Purchase of raw materials | ₦10,000 | | | 2 | Sale of finished goods | | ₦20,000 | | 3 | Purchase of machinery | ₦50,000 | | What is the total cash balance?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Madonna University 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