Post Utme Mountain Top University 2018 Accounting Question 34
Practice objective / multiple choice question 34 from the 2018 Post Utme Mountain Top University Accounting examination.
A bank's cash book shows the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash received from customers | ₦150,000 | | | 1 Jan | Cash paid to suppliers | | ₦100,000 | | 1 Jan | Cash paid to employees | | ₦30,000 | | 1 Jan | Cash received from government grant | ₦60,000 | | What is the bank's cash balance at the end of the first day?
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About This Question
This is Post Utme Mountain Top University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.
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