Post Utme Mountain Top University 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency uses the cash basis of accounting. The agency receives ₦100,000 in cash and spends ₦80,000 on expenses. What is the net increase in cash?

Answer Options

Correct Answer A. ₦20,000
B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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