Post Utme Wellspring University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses a single-entry system. The following transactions occurred during the year: Deposits: ₦10,000, ₦5,000, ₦8,000 Withdrawals: ₦3,000, ₦2,000, ₦6,000 What is the total amount of cash available at the end of the year?

Answer Options

A. ₦21,000
Correct Answer B. ₦22,000
C. ₦23,000
D. ₦24,000
Correct Answer
B
Correct Option:
₦22,000

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

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