Post Utme Al Hikmah University 2024 Accounting Question 3
Practice objective / multiple choice question 3 from the 2024 Post Utme Al Hikmah University Accounting examination.
A company uses the cash basis of accounting. On January 1, it received ₦100,000 in cash from a customer. On January 15, it paid ₦20,000 in cash to a supplier. On February 1, it received ₦50,000 in cash from a customer. What is the cash balance on February 1?
Answer Options
About This Question
This is Post Utme Al Hikmah University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.