Post Utme Nile University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦20,000 on credit, Sold goods for ₦30,000 on credit, and Paid cash of ₦10,000 to a creditor. What is the total amount of cash paid to creditors?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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