Post Utme Summit University 2019 Accounting Question 26
Practice objective / multiple choice question 26 from the 2019 Post Utme Summit University Accounting examination.
A company uses the single-entry system of accounting. The following transactions were recorded during the year: a) Purchased office equipment for ₦10,000 cash. b) Sold goods for ₦50,000 cash. c) Purchased goods for ₦30,000 on credit. d) Paid ₦20,000 cash to settle a bank loan. What is the total amount of cash transactions recorded during the year?
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About This Question
This is Post Utme Summit University 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.
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