Post Utme Pan Atlantic University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following single-entry records for the year ended December 31, 2022: | Date | Debit | Credit | | --- | --- | --- | | Jan 1 | ₦10,000 | ₦0 | | Jan 15 | ₦5,000 | ₦0 | | Feb 1 | ₦8,000 | ₦0 | | Mar 1 | ₦12,000 | ₦0 | | Apr 1 | ₦6,000 | ₦0 | | May 1 | ₦9,000 | ₦0 | | Jun 1 | ₦11,000 | ₦0 | | Jul 1 | ₦7,000 | ₦0 | | Aug 1 | ₦4,000 | ₦0 | | Sep 1 | ₦3,000 | ₦0 | | Oct 1 | ₦2,000 | ₦0 | | Nov 1 | ₦1,000 | ₦0 | | Dec 1 | ₦0 | ₦20,000 | What is the total amount of cash paid during the year?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University 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