Post Utme Nile University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice

Question 22 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows the following transactions: Cash 1,000, Accounts Payable 2,000, and Common Stock 3,000. What is the net effect of these transactions on the company's cash balance?

Answer Options

Correct Answer A. ₦1,000

B. ₦2,000

C. ₦3,000

D. ₦4,000

Correct Answer

Correct Option:

₦1,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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