Post Utme Bowen University 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A company prepares a balance sheet as of December 31, 2022. The balance sheet shows the following balances:

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

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