Post Utme Al Hikmah University 2020 Accounting Question 15
Practice objective / multiple choice question 15 from the 2020 Post Utme Al Hikmah University Accounting examination.
A company uses a double-entry system to record its transactions. The company has the following accounts: Cash, Accounts Payable, and Sales. The company's cash account balance is ₦150,000 and its accounts payable balance is ₦75,000. If the company sells 500 units of goods at ₦300 each, 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 15. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.
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