Post Utme Uniport 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2017 • ACCOUNTING • objective

A company has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 01/01 | Cash | 10,000 | | | 02/01 | Equipment | | 15,000 | | 03/01 | Rent | | 5,000 | | 04/01 | Cash | | 10,000 | What is the net effect of these transactions on the company's cash account?

Answer Options

A. ₦20,000
B. ₦10,000
C. ₦5,000
Correct Answer D. ₦0
Correct Answer
D
Correct Option:
₦0

About This Question

This is Post Utme Uniport 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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