Post Utme Osustech 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Osustech Accounting examination.

Post Utme Osustech 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_OSUSTECH • 2018 • ACCOUNTING • objective

A company uses the self-balancing ledger system to account for its transactions. The following information is available: Cash received from customers: ₦300,000; Cash paid to suppliers: ₦150,000; Cash paid to employees: ₦100,000. What is the net increase in cash?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Osustech 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Osustech Accounting examination.

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