Post Utme Covenant University 2021 Accounting Question 8
Practice objective / multiple choice question 8 from the 2021 Post Utme Covenant University Accounting examination.
A company uses the cash basis of accounting. On January 1, 2022, it had a cash balance of ₦50,000. During the year, it received ₦200,000 in cash and paid ₦150,000 in cash. On December 31, 2022, the cash balance was ₦100,000. What is the net cash flow for the year?
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About This Question
This is Post Utme Covenant University 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.
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