Post Utme Al Hikmah University 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice

Question 36 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit Cash ₦5,000, Credit Accounts Receivable ₦3,000, Debit Sales Revenue ₦8,000, Credit Cost of Goods Sold ₦6,000. What is the net effect on the accounting equation?

Answer Options

A. ₦2,000 increase in assets

B. ₦2,000 decrease in liabilities

Correct Answer C. ₦2,000 increase in equity

D. ₦2,000 decrease in assets

Correct Answer

Correct Option:

₦2,000 increase in equity

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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