Post Utme Uniport 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦100,000; sold goods for ₦120,000; and returned goods worth ₦10,000. What is the net effect on the company's cash balance?

Answer Options

A. ₦30,000
B. ₦20,000
C. ₦10,000
Correct Answer D. ₦0
Correct Answer
D
Correct Option:
₦0

About This Question

This is Post Utme Uniport 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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