Post Utme Unilorin 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2018 • ACCOUNTING • objective

A company's financial statements show a profit of ₦500,000. However, the company's cash balance has decreased by ₦200,000. What is the reason for this discrepancy?

Answer Options

A. The company has invested in a new project
Correct Answer B. The company has paid dividends to shareholders
C. The company has purchased new assets
D. The company has received a loan from a bank
Correct Answer
B
Correct Option:
The company has paid dividends to shareholders

About This Question

This is Post Utme Unilorin 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Unilorin Accounting examination.

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