Post Utme Uniben 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company uses the single entry system to record its transactions. The company's journal shows the following entries: Cash received from customers ₦50,000, Cash paid to suppliers ₦30,000, and Cash received from bank ₦20,000. What is the total amount of cash received by the company?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Uniben 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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