Post Utme Osustech 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company has the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | 10,000 | | | 1 Jan | Bank | | 10,000 | | 2 Jan | Sales | | 15,000 | | 3 Jan | Purchases | 8,000 | | | 3 Jan | Bank | | 8,000 | What is the balance on the Cash account?

Answer Options

A. ₦2,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦8,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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