Post Utme Achievers University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. It records a transaction where it receives cash of ₦20,000. What is the effect on the ledger?

Answer Options

Correct Answer A. Assets increase, Liabilities decrease
B. Assets decrease, Liabilities increase
C. Assets increase, Liabilities increase
D. Assets decrease, Liabilities decrease
Correct Answer
A
Correct Option:
Assets increase, Liabilities decrease

About This Question

This is Post Utme Achievers University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Achievers University Accounting examination.

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