Post Utme Nile University 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Sold goods for ₦50,000, and Paid rent for ₦20,000. What is the total amount of cash outflows for the company?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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