Post Utme Pan Atlantic University 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦100,000 on credit; sold goods for ₦120,000 for cash; and purchased equipment for ₦50,000 on credit. What is the total amount of cash received from customers?

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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