Post Utme Uniosun 2021 Accounting Question 11
Practice objective / multiple choice question 11 from the 2021 Post Utme Uniosun Accounting examination.
A company uses the single-entry system of accounting. The following transactions are recorded in the cash book: (i) Purchase of office equipment for ₦120,000 cash. (ii) Sale of goods for ₦80,000 cash. (iii) Payment of rent for ₦20,000 by cheque. (iv) Purchase of goods for ₦60,000 by cheque. Determine the net cash received by the company from the above transactions.
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About This Question
This is Post Utme Uniosun 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.
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