Post Utme Futo 2018 Accounting Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Futo Accounting examination.
A company uses a single-entry system to record its transactions. The single-entry system shows the following entries: Cash received from customers, Cash paid to suppliers, and Cash invested in assets. The single-entry system shows a balance of ₦50,000 in the Cash received from customers account, ₦20,000 in the Cash paid to suppliers account, and ₦30,000 in the Cash invested in assets account. What is the total value of the company's cash balance?
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About This Question
This is Post Utme Futo 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.
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