Post Utme Babcock University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's ledger accounts show the following balances:

Answer Options

A. Debit Accounts Payable 5,000 and Credit Purchases 5,000
Correct Answer B. Debit Purchases 5,000 and Credit Accounts Payable 5,000
C. Debit Accounts Receivable 5,000 and Credit Sales 5,000
D. Debit Sales 5,000 and Credit Accounts Receivable 5,000
Correct Answer
B
Correct Option:
Debit Purchases 5,000 and Credit Accounts Payable 5,000

About This Question

This is Post Utme Babcock University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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