Post Utme Covenant University 2023 Accounting Question 11
Practice objective / multiple choice question 11 from the 2023 Post Utme Covenant University Accounting examination.
A company uses the double-entry system of accounting. The following transactions occurred during the month of January: 1. Purchased office supplies for ₦10,000 cash. 2. Sold goods for ₦50,000 on credit. 3. Paid salaries of ₦20,000 by cheque. 4. Collected cash of ₦30,000 from a customer who owed the company ₦50,000. 5. Purchased a new machine for ₦80,000 by instalment plan. What is the total amount of cash received or paid during the month?
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About This Question
This is Post Utme Covenant University 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.
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