Post Utme Uniosun 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: ₦1,000, Credit: ₦2,000. What is the net effect of these transactions on the company's cash balance?

Answer Options

A. ₦1,000 increase
Correct Answer B. ₦1,000 decrease
C. ₦2,000 increase
D. ₦2,000 decrease
Correct Answer
B
Correct Option:
₦1,000 decrease

About This Question

This is Post Utme Uniosun 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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