Post Utme Afe Babalola University 2019 Accounting Question 3

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

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows the following transactions: Cash received from customers ₦150,000, Cash paid to suppliers ₦80,000, Cash received from bank ₦20,000. What is the correct cash book entry for the transactions?

Answer Options

A. Debit Cash ₦150,000, Credit Sales ₦150,000
B. Debit Cash ₦150,000, Credit Purchases ₦80,000
Correct Answer C. Debit Cash ₦150,000, Credit Bank ₦20,000
D. Debit Cash ₦150,000, Credit Sales ₦80,000
Correct Answer
C
Correct Option:
Debit Cash ₦150,000, Credit Bank ₦20,000

About This Question

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

View More Post Utme Afe Babalola University 2019 Accounting Questions More Post Utme Afe Babalola University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support