Post Utme Madonna University 2017 Commerce Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2017 Commerce Objective / Multiple Choice
Question 2 POST_UTME_MADONNA_UNIVERSITY • 2017 • COMMERCE • objective

A company has the following transactions: Purchased goods on credit for ₦50,000; Sold goods on credit for ₦75,000; Paid cash for rent of ₦10,000. What is the net cash flow from these transactions?

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Madonna University 2017 Commerce Question 2. It is one of the objective questions from the 2017 Post Utme Madonna University Commerce examination.

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