Post Utme Bsu 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Bsu Accounting examination.

Post Utme Bsu 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_BSU • 2018 • ACCOUNTING • objective

A company uses a self-balancing ledger. The following transactions are recorded in the ledger: Debit Accounts Receivable ₦10,000, Credit Sales ₦10,000. What is the effect on the company's accounts receivable account?

Answer Options

Correct Answer A. The company's accounts receivable account is debited by ₦10,000.
B. The company's accounts receivable account is credited by ₦10,000.
C. The company's accounts receivable account remains unchanged.
D. The company's accounts receivable account is debited by ₦10,000, and the company's sales account is credited by ₦10,000.
Correct Answer
A
Correct Option:
The company's accounts receivable account is debited by ₦10,000.

About This Question

This is Post Utme Bsu 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Bsu Accounting examination.

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