Post Utme Rsu 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_RSU • 2018 • ACCOUNTING • objective

A public sector organization has the following transactions for the year ended December 31, 2022: Cash received from customers: ₦500,000 Cash paid to suppliers: ₦200,000 Cash received from government grant: ₦150,000 Cash paid for salaries: ₦100,000 Cash paid for rent: ₦50,000 Cash paid for utilities: ₦20,000 What is the total cash received by the organization?

Answer Options

Correct Answer A. ₦750,000
B. ₦800,000
C. ₦850,000
D. ₦900,000
Correct Answer
A
Correct Option:
₦750,000

About This Question

This is Post Utme Rsu 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support