Post Utme Unilag 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Unilag Accounting examination.

Post Utme Unilag 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNILAG • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the year: Deposits: ₦100,000, ₦50,000, ₦20,000 Withdrawals: ₦30,000, ₦15,000, ₦10,000 Sales: ₦80,000, ₦40,000, ₦20,000 Purchases: ₦60,000, ₦30,000, ₦15,000 What is the total amount of cash available at the end of the year?

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦100,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Unilag 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Unilag Accounting examination.

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