Post Utme Veritas University 2020 Accounting Question 41

Practice objective / multiple choice question 41 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 41 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions in its cash book: ₦10,000 cash received from customers, ₦5,000 cash paid to suppliers, and ₦8,000 bank deposit. What is the net increase in cash?

Answer Options

Correct Answer A. ₦3,000
B. ₦5,000
C. ₦7,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦3,000

About This Question

This is Post Utme Veritas University 2020 Accounting Question 41. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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