Post Utme Nile University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following cash transactions: ₦1,000,000 received from customers, ₦500,000 paid to suppliers, ₦200,000 paid to employees, and ₦300,000 received from bank. Prepare the cash book.

Answer Options

Correct Answer A. Cash Book Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Cash | | 1,000,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
B. Cash Book Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Cash | | 1,000,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
C. Cash Book Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Cash | | 1,000,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
D. Cash Book Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Cash | | 1,000,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
Correct Answer
A
Correct Option:
Cash Book Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Cash | | 1,000,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------

About This Question

This is Post Utme Nile University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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