Post Utme Pan Atlantic University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following incomplete 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 received 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 9. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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