Post Utme Rhema University 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions in its cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 2022-01-01 | Cash received from customers | ₦100,000 | | | 2022-01-05 | Cash paid to suppliers | | ₦50,000 | | 2022-01-10 | Cash received from bank | ₦200,000 | | | 2022-01-15 | Cash paid to employees | | ₦150,000 | What is the balance of the cash account at the end of January?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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