Post Utme Unn 2023 Accounting Question 3
Practice objective / multiple choice question 3 from the 2023 Post Utme Unn Accounting examination.
A company uses the single-entry system. The company's journal entries for the year are as follows: Debit Cash ₦10,000, Credit Accounts Payable ₦5,000; Debit Accounts Receivable ₦8,000, Credit Sales ₦12,000. What is the net increase in assets for the year?
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About This Question
This is Post Utme Unn 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Unn Accounting examination.
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