Post Utme Christopher University 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double-entry system to record transactions. The following journal entry was posted to the ledger:

Answer Options

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

About This Question

This is Post Utme Christopher University 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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