Post Utme Al Hikmah University 2023 Accounting Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Al Hikmah University Accounting examination.
A company uses the single-entry system of accounting. The company's records show the following transactions: Debit Cash ₦15,000, Credit Accounts Payable ₦8,000, Debit Accounts Receivable ₦12,000, Credit Sales ₦18,000. What is the net effect on the company's cash balance?
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This is Post Utme Al Hikmah University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.
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