Post Utme Madonna University 2023 Accounting Question 36
Practice objective / multiple choice question 36 from the 2023 Post Utme Madonna University Accounting examination.
A company uses the single-entry system of accounting. The following transactions were recorded in the year ended December 31, 2022: 1. Purchased office equipment for ₦120,000 cash. 2. Sold goods for ₦500,000 cash. 3. Purchased goods for ₦300,000 on credit. 4. Paid salaries of ₦150,000. What is the total amount of cash transactions for the year?
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About This Question
This is Post Utme Madonna University 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.
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