Waec Model Questions Vol1 2020 Financial Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2020 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 20 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • FINANCIAL_ACCOUNTING • objective

The business received cash from a customer for services performed, amounting to ₦8,000. Record the journal entry.

Answer Options

Correct Answer A. Debit Cash ₦8,000; Credit Service Revenue ₦8,000
B. Debit Cash ₦8,000; Credit Accounts Receivable ₦8,000
C. Debit Service Revenue ₦8,000; Credit Cash ₦8,000
D. Debit Cash ₦8,000; Credit Service Revenue ₦7,500
Correct Answer
A
Correct Option:
Debit Cash ₦8,000; Credit Service Revenue ₦8,000

About This Question

This is Waec Model Questions Vol1 2020 Financial Accounting Question 20. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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