Post Utme Bsu 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded in the journal during the month of January:

Answer Options

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

About This Question

This is Post Utme Bsu 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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