Post Utme Veritas University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions in its cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Cash received from customers | 10,000 | 0 | | 1/2 | Cash paid to suppliers | 0 | 5,000 | | 1/3 | Cash received from bank | 8,000 | 0 | | 1/4 | Cash paid to employees | 0 | 3,000 | What is the balance of the cash account at the end of the month?

Answer Options

A. ₦13,000
Correct Answer B. ₦15,000
C. ₦17,000
D. ₦19,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Veritas University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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