Post Utme Oau 2025 Accounting Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Oau Accounting examination.

Post Utme Oau 2025 Accounting Objective / Multiple Choice
Question 35 POST_UTME_OAU • 2025 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for 1,000, Paid rent for the month of January 5,000, and Collected cash from customers 20,000. What is the net effect on the company's cash balance?

Answer Options

A. Decrease by 6,000
B. Decrease by 16,000
C. Increase by 6,000
Correct Answer D. Increase by 16,000
Correct Answer
D
Correct Option:
Increase by 16,000

About This Question

This is Post Utme Oau 2025 Accounting Question 35. It is one of the objective questions from the 2025 Post Utme Oau 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