Post Utme Nile University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A government agency has the following transactions: ₦100,000 received from taxpayers, ₦50,000 paid to suppliers, ₦20,000 paid to employees, and ₦30,000 received from the treasury. What is the agency's cash balance at the end of the period?

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support