Post Utme Mountain Top University 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: 1. Cash received from customers ₦ 20,000; 2. Cash paid to suppliers ₦ 15,000; 3. Cash paid to employees ₦ 10,000. What is the net increase in cash?

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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