Post Utme Mountain Top University 2019 Accounting Question 12
Practice objective / multiple choice question 12 from the 2019 Post Utme Mountain Top University Accounting examination.
A company uses the double-entry system of accounting. The following transactions were recorded in the journal: Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Sales ₦12,000. What is the net effect on the company's cash position?
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About This Question
This is Post Utme Mountain Top University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.
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