Post Utme Achievers University 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions are recorded in the journal: ₦10,000 cash received from customers ₦5,000 cash paid to suppliers ₦3,000 cash paid to employees What is the total debit balance in the journal for the month of January?

Answer Options

Correct Answer A. ₦18,000
B. ₦20,000
C. ₦22,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦18,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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