Post Utme Bsu 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BSU • 2022 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal shows the following transaction: Debit Cash ₦1,000. What is the effect of this transaction on the company's financial position?

Answer Options

Correct Answer A. Increases assets
B. Decreases assets
C. Increases liabilities
D. Decreases liabilities
Correct Answer
A
Correct Option:
Increases assets

About This Question

This is Post Utme Bsu 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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