Post Utme Veritas University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has a cash book that shows the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 01/01 | Cash received from customers | ₦100,000 | | | 02/01 | Cash paid to suppliers | | ₦50,000 | | 03/01 | Cash received from customers | ₦150,000 | | | 04/01 | Cash paid to employees | | ₦75,000 | What is the total cash balance at the end of the month?

Answer Options

A. ₦175,000
Correct Answer B. ₦225,000
C. ₦275,000
D. ₦325,000
Correct Answer
B
Correct Option:
₦225,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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