Post Utme Rhema University 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_RHEMA_UNIVERSITY • 2020 • ACCOUNTING • objective

A public sector organization has the following transactions: Purchases office equipment for ₦150,000 cash. Pays ₦20,000 to a supplier for goods received in the previous month. Pays ₦30,000 to an employee as salary. Pays ₦15,000 to a creditor for services rendered in the previous month. What is the total amount of cash paid out by the organization?

Answer Options

Correct Answer A. ₦65,000
B. ₦75,000
C. ₦85,000
D. ₦95,000
Correct Answer
A
Correct Option:
₦65,000

About This Question

This is Post Utme Rhema University 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Rhema University Accounting examination.

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