Post Utme Unilag 2020 Accounting Question 42

Practice objective / multiple choice question 42 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice

Question 42 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: ₦10,000, Credit: ₦12,000. What is the net effect on the company's cash position?

Answer Options

Correct Answer A. ₦2,000 decrease

B. ₦2,000 increase

C. ₦10,000 decrease

D. ₦10,000 increase

Correct Answer

Correct Option:

₦2,000 decrease

About This Question

This is Post Utme Unilag 2020 Accounting Question 42. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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