Post Utme Oau 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Oau Accounting examination.

Post Utme Oau 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_OAU • 2021 • ACCOUNTING • objective

A government agency is required to prepare a statement of cash flows. The following transactions were recorded in the cash book: ₦10,000 received from customers, ₦5,000 paid to suppliers, ₦3,000 paid to employees, ₦2,000 received from investors, ₦1,000 paid to the bank. What is the net increase in cash for the period?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Oau 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Oau Accounting examination.

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