Post Utme Achievers University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following journal entry: Debit Cash ₦100,000, Credit Accounts Payable ₦100,000. Prepare a journal entry.

Answer Options

Correct Answer A. Debit Cash ₦100,000, Credit Accounts Payable ₦100,000
B. Debit Accounts Payable ₦100,000, Credit Cash ₦100,000
C. Debit Cash ₦100,000, Credit Accounts Receivable ₦100,000
D. Debit Accounts Payable ₦100,000, Credit Cash ₦100,000
Correct Answer
A
Correct Option:
Debit Cash ₦100,000, Credit Accounts Payable ₦100,000

About This Question

This is Post Utme Achievers University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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