Post Utme Abu 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company has the following cash transactions during the month of January:

Answer Options

A. Debit Cash 1,000, Credit Accounts Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000, Credit Cash 1,000
C. Debit Cash 1,000, Credit Inventory 1,000
D. Debit Inventory 1,000, Credit Accounts Payable 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000, Credit Cash 1,000

About This Question

This is Post Utme Abu 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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