Post Utme Unilorin 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's income statement showed the following balances: Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, Gross Profit ₦50,000. Prepare a statement of cash flows.

Answer Options

Correct Answer A. ₦50,000, ₦0, ₦0
B. ₦0, ₦50,000, ₦0
C. ₦0, ₦0, ₦50,000
D. ₦50,000, ₦50,000, ₦0
Correct Answer
A
Correct Option:
₦50,000, ₦0, ₦0

About This Question

This is Post Utme Unilorin 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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