Post Utme Summit University 2019 Accounting Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Summit University Accounting examination.
A company uses the double-entry system of accounting. The following transactions were recorded in the journal: 1. Purchased office equipment for ₦120,000 cash. 2. Sold goods for ₦150,000 on credit. 3. Paid salaries of ₦80,000 by cheque. 4. Purchased goods for ₦200,000 on credit. What is the total amount of cash used in the above transactions?
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About This Question
This is Post Utme Summit University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.
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