Post Utme Mountain Top University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses a cash book to account for its cash transactions. The cash book has the following accounts: Cash, Bank, and Petty Cash. The company's cash balance at the beginning of the period is ₦50,000, and its cash balance at the end of the period is ₦100,000. The company's bank balance at the beginning of the period is ₦200,000, and its bank balance at the end of the period is ₦300,000. What is the company's net cash inflow for the period?

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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