Post Utme Skyline University 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions are recorded in the journal: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | ₦10,000 | | | 2 Jan | Rent Received | | ₦8,000 | | 3 Jan | Rent Paid | | ₦6,000 | What is the total amount of cash at the end of the year?

Answer Options

Correct Answer A. ₦4,000
B. ₦6,000
C. ₦8,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦4,000

About This Question

This is Post Utme Skyline University 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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