Post Utme Afe Babalola University 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded in the journal: Debit: Cash 1,000, Accounts Payable 500, Equipment 2,000 Credit: Common Stock 3,000, Revenue 1,500. What is the correct order of posting these transactions to the ledger accounts?

Answer Options

Correct Answer A. Cash, Accounts Payable, Equipment, Common Stock, Revenue
B. Common Stock, Revenue, Cash, Accounts Payable, Equipment
C. Equipment, Accounts Payable, Cash, Common Stock, Revenue
D. Revenue, Common Stock, Accounts Payable, Cash, Equipment
Correct Answer
A
Correct Option:
Cash, Accounts Payable, Equipment, Common Stock, Revenue

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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