Post Utme Uniosun 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company's cash book for the year ended 31st December 2019 is as follows: Debit: Cash: ₦1,000,000 Bank: ₦500,000 Credit: Purchases: ₦1,500,000 What is the company's net cash outflow for the year?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦500,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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