Post Utme Aaua 2021 Accounting Question 23
Practice objective / multiple choice question 23 from the 2021 Post Utme Aaua Accounting examination.
A company uses the single-entry system of accounting. The following transactions occurred during the year: 1. Purchased office equipment for ₦120,000. 2. Sold goods for ₦500,000. 3. Purchased raw materials for ₦300,000. 4. Paid salaries of ₦200,000. 5. Collected cash from customers for ₦400,000. What is the total amount of cash received from customers?
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About This Question
This is Post Utme Aaua 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.
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