Post Utme Al Hikmah University 2025 Accounting Question 35
Practice objective / multiple choice question 35 from the 2025 Post Utme Al Hikmah University Accounting examination.
A company uses the double-entry system of accounting. The following transactions occurred during the month: Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Sales Revenue ₦20,000, Credit Cost of Goods Sold ₦15,000. What is the net effect on the accounting equation?
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This is Post Utme Al Hikmah University 2025 Accounting Question 35. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.
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