Post Utme Wellspring University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash | ₦1,000 | | | 2nd Jan | Sales | | ₦1,500 | | 3rd Jan | Purchases | ₦500 | | | 4th Jan | Cash | | ₦1,000 | Calculate the cash balance on 4th Jan.

Answer Options

A. ₦1,500
Correct Answer B. ₦1,000
C. ₦500
D. ₦0
Correct Answer
B
Correct Option:
₦1,000

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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