Post Utme Caleb University 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The following ledger accounts are provided: Debitors, Creditors, Capital, and Profit. Which of the following journal entries would be recorded in the ledger?

Answer Options

Correct Answer A. Debit Debitors, Credit Capital
B. Credit Creditors, Debit Capital
C. Debit Capital, Credit Profit
D. Credit Debitors, Debit Creditors
Correct Answer
A
Correct Option:
Debit Debitors, Credit Capital

About This Question

This is Post Utme Caleb University 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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