Post Utme Babcock University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The following transactions were recorded during the month of January:

Answer Options

A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Accounts Payable 1,000
D. Debit Accounts Payable 1,000 and Credit Cash 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Babcock University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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