Post Utme Mountain Top University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's single entry system showed an increase in the cash account of ₦15,000 and a decrease in the accounts payable account of ₦10,000. What is the net increase in the company's assets?

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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