Post Utme Bowen University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Bowen University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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