Post Utme Covenant University 2020 Accounting Question 8
Practice objective / multiple choice question 8 from the 2020 Post Utme Covenant University Accounting examination.
A company uses the single-entry system of accounting. The journal entries for the year are as follows: Debit Cash ₦50,000, Credit Accounts Payable ₦20,000. What is the net effect on the company's cash balance?
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About This Question
This is Post Utme Covenant University 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.
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