Post Utme Ui 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Ui Accounting examination.

Post Utme Ui 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UI • 2018 • ACCOUNTING • objective

A company has the following transactions recorded in its ledger: 1. Purchased office equipment for ₦120,000. 2. Sold goods for ₦150,000. 3. Purchased raw materials for ₦80,000. 4. Paid salaries of ₦60,000. 5. Collected cash from customers for ₦100,000. What is the total amount of cash received from customers and customers' accounts?

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Ui 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Ui Accounting examination.

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