Post Utme Bowen University 2025 Accounting Question 40
Practice objective / multiple choice question 40 from the 2025 Post Utme Bowen University Accounting examination.
A company prepares a trial balance as at 31 Dec. The trial balance shows the following balances: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | | | Bank | | ₦100,000 | | Accounts Payable | ₦20,000 | | | Accounts Receivable | | ₦30,000 | What is the net effect of the above transactions on the company's assets?
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This is Post Utme Bowen University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.
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