Post Utme Noun 2018 Accounting Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Noun Accounting examination.
A cash book shows a balance of ₦50,000 on January 1, 2020. During the year, the following transactions occurred: - Cash received from customers: ₦200,000 - Cash paid to suppliers: ₦120,000 - Cash paid to employees: ₦80,000 - Bank charges: ₦10,000 - Interest received from bank: ₦5,000 - Interest paid to bank: ₦3,000 Calculate the balance in the cash book on December 31, 2020.
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About This Question
This is Post Utme Noun 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.
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