Post Utme Achievers University 2022 Accounting Question 37
Practice objective / multiple choice question 37 from the 2022 Post Utme Achievers University Accounting examination.
A company uses the single-entry system of accounting. The company's ledger contains the following accounts: Cash, Accounts Payable, Sales Revenue, and Cost of Goods Sold. The company's trial balance shows a debit balance of ₦50,000 in the Cash account and a credit balance of ₦30,000 in the Accounts Payable account. What is the correct journal entry to record the sale of goods worth ₦20,000 on credit to a customer?
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About This Question
This is Post Utme Achievers University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Achievers University Accounting examination.
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