Post Utme Lautech 2023 Accounting Question 19
Practice objective / multiple choice question 19 from the 2023 Post Utme Lautech Accounting examination.
A company uses the single-entry system of accounting. The company's journal shows the following transactions: Debit 1,000 to Cash and Credit 1,000 to Accounts Payable. What is the effect of this transaction on the company's cash balance?
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About This Question
This is Post Utme Lautech 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.
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