Post Utme Igbinedion University 2023 Commerce Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Igbinedion University Commerce examination.
A sole trader, Mr. A, operates a small business selling goods online. He uses a cash basis of accounting and records all his transactions in a cash book. On December 31, 2022, Mr. A's cash book shows a balance of ₦50,000. However, he has not yet recorded a sale of ₦20,000 made on December 31, 2022. What is the correct amount to record in the cash book on December 31, 2022?
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About This Question
This is Post Utme Igbinedion University 2023 Commerce Question 2. It is one of the objective questions from the 2023 Post Utme Igbinedion University Commerce examination.
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