Post Utme Uniport 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company, DEF Ltd, has a single-entry system that shows the following transactions: Cash received from customers ₦500,000, Cash paid to suppliers ₦200,000, and Cash paid to employees ₦150,000. If the company's beginning cash balance was ₦100,000, calculate the company's ending cash balance.

Answer Options

A. ₦450,000
B. ₦475,000
Correct Answer C. ₦500,000
D. ₦525,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Uniport 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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