Post Utme Veritas University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice

Question 32 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A cash book shows the following transactions: Debit: ₦10,000, Credit: ₦15,000. What is the net effect on the cash balance?

Answer Options

Correct Answer A. ₦5,000 decrease

B. ₦5,000 increase

C. ₦10,000 decrease

D. ₦10,000 increase

Correct Answer

Correct Option:

₦5,000 decrease

About This Question

This is Post Utme Veritas University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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