Post Utme Madonna University 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A government agency has the following transactions for the year ended December 31, 2020: 1. Received ₦500,000 from the government as a grant. 2. Paid ₦200,000 to an employee as salary. 3. Paid ₦150,000 to a supplier for goods purchased. 4. Received ₦100,000 from a customer as payment for services rendered. Prepare the government agency's cash flow statement for the year ended December 31, 2020.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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