Post Utme Lautech 2024 Accounting Question 5
Practice objective / multiple choice question 5 from the 2024 Post Utme Lautech Accounting examination.
A company's balance sheet as at December 31, 2024, is as follows: | Asset | ₦ | Liability | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Accounts Payable | 5,000 | | Accounts Receivable | 20,000 | Sales Revenue | 100,000 | | Inventory | 30,000 | Cost of Goods Sold | 50,000 | | Total Assets | 60,000 | Total Liabilities | 125,000 | What is the correct balance of the Cash account?
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This is Post Utme Lautech 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.
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