Post Utme Caleb University 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the month of January:

Answer Options

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

About This Question

This is Post Utme Caleb University 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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