Post Utme Oau 2021 Accounting Question 4

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

Post Utme Oau 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Paid salaries of ₦50,000, and Collected cash from customers of ₦30,000. What is the net effect on the company's cash balance?

Answer Options

A. ₦10,000 increase
Correct Answer B. ₦20,000 increase
C. ₦30,000 decrease
D. ₦40,000 decrease
Correct Answer
B
Correct Option:
₦20,000 increase

About This Question

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

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