Post Utme Afe Babalola University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A single-entry system records the following transactions: Debit: ₦10,000, Credit: ₦8,000. What is the net effect on the owner's capital?

Answer Options

Correct Answer A. ₦2,000 increase
B. ₦2,000 decrease
C. ₦1,000 increase
D. ₦1,000 decrease
Correct Answer
A
Correct Option:
₦2,000 increase

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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