Post Utme Veritas University 2020 Accounting Question 2
Practice objective / multiple choice question 2 from the 2020 Post Utme Veritas University Accounting examination.
A company has the following transactions in its cash book: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash received from customers | ₦100,000 | | | 15 Jan | Cash paid to suppliers | | ₦50,000 | | 20 Jan | Cash received from bank | ₦200,000 | | | 25 Jan | Cash paid to employees | | ₦150,000 | What is the balance on the cash account at the end of January?
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About This Question
This is Post Utme Veritas University 2020 Accounting Question 2. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.
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