Post Utme Skyline University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's single entry system shows the following transactions: ₦10,000 cash received from customers; ₦5,000 cash paid to suppliers; ₦8,000 bank deposit; ₦3,000 bank withdrawal. Prepare the company's ledger accounts as at December 31, 2022.

Answer Options

A. ₦12,000
B. ₦15,000
Correct Answer C. ₦18,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦18,000

About This Question

This is Post Utme Skyline University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Skyline University 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