Post Utme Noun 2020 Accounting Question 21
Practice objective / multiple choice question 21 from the 2020 Post Utme Noun Accounting examination.
A company uses the cash basis of accounting. The following transactions were recorded during the year: 1. Purchased office equipment for ₦120,000. 2. Sold goods for ₦80,000. 3. Purchased raw materials for ₦150,000. 4. Paid salaries of ₦30,000. 5. Collected cash from customers for ₦100,000. What is the total amount of cash received by the company during the year?
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About This Question
This is Post Utme Noun 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.
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