Post Utme Rhema University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following cash transactions during the year: Cash received from customers: ₦200,000. Cash paid to suppliers: ₦150,000. Cash paid to employees: ₦80,000. Cash received from bank: ₦50,000. Cash paid to bank: ₦30,000. Calculate the net increase in cash for the year.

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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