Post Utme Igbinedion University 2023 Accounting Question 11
Practice objective / multiple choice question 11 from the 2023 Post Utme Igbinedion University Accounting examination.
In a manufacturing company, the following transactions occurred during the year: Purchased raw materials worth ₦120,000 on credit. Sold goods worth ₦150,000 for cash. Purchased a machine worth ₦80,000 on credit. Sold goods worth ₦100,000 on credit. Paid cash of ₦20,000 to settle part of the credit purchase of raw materials. What is the total amount of cash paid out by the company during the year?
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About This Question
This is Post Utme Igbinedion University 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.
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