Post Utme Summit University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following cash book transactions: Debit 1,000 to Cash and Credit 1,000 to Accounts Payable. Debit 500 to Cash and Credit 500 to Sales. What is the net increase in cash?

Answer Options

Correct Answer A. ₦0
B. ₦500
C. ₦1,000
D. ₦1,500
Correct Answer
A
Correct Option:
₦0

About This Question

This is Post Utme Summit University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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