Post Utme Ui 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Ui Accounting examination.

Post Utme Ui 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UI • 2021 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash received from customers | 10,000 | 0 | | 2 Jan | Cash paid to suppliers | 0 | 5,000 | | 3 Jan | Cash received from bank | 8,000 | 0 | | 4 Jan | Cash paid to employees | 0 | 6,000 | What is the balance in the cash account at the end of the month?

Answer Options

A. ₦13,000
Correct Answer B. ₦15,000
C. ₦17,000
D. ₦19,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Ui 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.

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