Post Utme Summit University 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice

Question 36 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following incomplete records: Cash 5,000, Accounts Payable 2,000. If the company pays 1,000 to a supplier, what is the new balance in the Cash account?

Answer Options

Correct Answer A. 4,000

B. 6,000

C. 3,000

D. 5,000

Correct Answer

Correct Option:

4,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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