Post Utme Al Hikmah University 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice

Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's bank statement shows the following transactions: Debit NSF Check ₦10,000, Credit Bank Service Charge ₦5,000. What is the net effect on the accounting equation?

Answer Options

Correct Answer A. ₦5,000 decrease in assets

B. ₦5,000 increase in liabilities

C. ₦5,000 increase in equity

D. ₦5,000 decrease in liabilities

Correct Answer

Correct Option:

₦5,000 decrease in assets

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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