Post Utme Covenant University 2024 Accounting Question 33
Practice objective / multiple choice question 33 from the 2024 Post Utme Covenant University Accounting examination.
A company's statement of cash flows shows a net increase in cash of ₦500,000. The company's balance sheet shows a decrease in accounts receivable of ₦200,000 and an increase in accounts payable of ₦300,000. What is the net effect on the company's cash position?
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About This Question
This is Post Utme Covenant University 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.
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