Post Utme Al Hikmah University 2020 Accounting Question 13
Practice objective / multiple choice question 13 from the 2020 Post Utme Al Hikmah University Accounting examination.
A company uses a cash book to record its cash transactions. The cash book has the following accounts: Cash, Bank, and Discounts. The company's cash account balance is ₦100,000 and its bank account balance is ₦50,000. If the company receives a deposit of ₦20,000 and pays a bill of ₦15,000, what is the new balance in the Cash account?
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About This Question
This is Post Utme Al Hikmah University 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.
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