Post Utme Bowen University 2021 Accounting Question 2
Practice objective / multiple choice question 2 from the 2021 Post Utme Bowen University Accounting examination.
A company has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Purchase of office equipment | 10,000 | | | 1st Jan | Purchase of office supplies | 2,000 | | | 2nd Jan | Sale of goods | | 15,000 | | 2nd Jan | Purchase of raw materials | | 8,000 | What is the net effect of these transactions on the company's cash balance?
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About This Question
This is Post Utme Bowen University 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.
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