Post Utme Summit University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice

Question 15 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the cash book to record its cash transactions. The following transactions occurred during the year: Purchased office supplies for ₦5,000; Paid rent for the year ₦20,000; Sold merchandise for ₦80,000; Purchased merchandise for ₦60,000; Collected cash from customers ₦40,000. Prepare the company's cash book.

Answer Options

A. ₦5,000; ₦20,000; ₦80,000; ₦60,000; ₦40,000

B. ₦5,000; ₦20,000; ₦80,000; ₦60,000; ₦40,000

C. ₦5,000; ₦20,000; ₦80,000; ₦60,000; ₦40,000

D. ₦5,000; ₦20,000; ₦80,000; ₦60,000; ₦40,000

Correct Answer

N/A

About This Question

This is Post Utme Summit University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

View More Post Utme Summit University 2020 Accounting Questions More Post Utme Summit University Practice Questions Back to Questions

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