Post Utme Madonna University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following transactions during the year: Purchased goods for ₦100,000 on credit, sold goods for ₦120,000 on credit, and paid cash for ₦50,000. What is the total amount of the company's cash payments?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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