Post Utme Mountain Top University 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: Debit: ₦100,000 (Purchase of office equipment) ₦50,000 (Purchase of office supplies) ₦20,000 (Rent paid) Credit: ₦150,000 (Sale of goods) ₦30,000 (Sale of services) What is the net cash inflow for the year?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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