Post Utme Rsu 2024 Accounting Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Rsu Accounting examination.

Post Utme Rsu 2024 Accounting Objective / Multiple Choice
Question 37 POST_UTME_RSU • 2024 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2023 is as follows: Debit ₦ Cash 120,000 Accounts Payable 80,000 Salaries Payable 40,000 Office Equipment 60,000 Raw Materials 100,000 Goods Sold 80,000 Rent Payable 20,000 Dividends Payable 30,000 Credit ₦ Accounts Receivable 120,000 Salaries Payable 40,000 Office Equipment 60,000 Raw Materials 100,000 Goods Sold 80,000 Rent Payable 20,000 Dividends Payable 30,000 Determine the net change in cash for the year.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Rsu 2024 Accounting Question 37. It is one of the objective questions from the 2024 Post Utme Rsu Accounting examination.

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