Post Utme Wellspring University 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows the following transactions for the month of January 20X8: Debit 1. Cash ₦1,000 2. Bank ₦2,000 3. Sales ₦3,000 4. Purchases ₦4,000 Credit 1. Cash ₦5,000 2. Bank ₦6,000 3. Sales ₦7,000 4. Purchases ₦8,000 What is the company's cash balance as at 31st January 20X8?

Answer Options

A. ₦1,000
B. ₦2,000
Correct Answer C. ₦3,000
D. ₦4,000
Correct Answer
C
Correct Option:
₦3,000

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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