Post Utme Veritas University 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2022 Accounting Objective / Multiple Choice
Question 25 POST_UTME_VERITAS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a single-entry accounting system and records the following transactions: Cash received from customers ₦100,000, Cash paid to suppliers ₦50,000, and Cash received from loans ₦20,000. What is the total amount of cash received?

Answer Options

A. ₦120,000
B. ₦130,000
Correct Answer C. ₦140,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Veritas University 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.

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