Post Utme Veritas University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | ₦1,000 | | | 2 Jan | Sales | | ₦1,500 | | 3 Jan | Purchases | ₦800 | | | 4 Jan | Cash | | ₦1,200 | What is the balance of the cash account?

Answer Options

A. ₦400
Correct Answer B. ₦500
C. ₦600
D. ₦700
Correct Answer
B
Correct Option:
₦500

About This Question

This is Post Utme Veritas University 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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