Post Utme Madonna University 2022 Accounting Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 5 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased ₦500,000 goods on credit, Paid ₦200,000 cash to suppliers, Received ₦150,000 cash from customers, and Purchased ₦300,000 goods on credit. What is the balance on the accounts receivable account?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Madonna University 2022 Accounting Question 5. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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