Post Utme Aaua 2023 Accounting Question 3
Practice objective / multiple choice question 3 from the 2023 Post Utme Aaua Accounting examination.
A trader maintains the following ledger accounts: Purchases, Sales, and Capital. The journal entries are as follows: Debit Purchases ₦50,000, Credit Sales ₦60,000, Debit Capital ₦20,000, Credit Purchases ₦30,000. What is the net effect on the trader's capital?
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About This Question
This is Post Utme Aaua 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.
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