Post Utme Christopher University 2024 Accounting Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 37 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A single-entry system records transactions in a single journal. The following transactions were recorded in a single-entry system: Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000. What is the correct journal entry to record the transaction in a double-entry system?

Answer Options

A. Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000
Correct Answer B. Debit Accounts Receivable ₦10,000, Credit Cash ₦10,000
C. Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000, Debit Accounts Receivable ₦10,000
D. Debit Accounts Receivable ₦10,000, Credit Cash ₦10,000, Credit Accounts Receivable ₦10,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable ₦10,000, Credit Cash ₦10,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 37. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

View More Post Utme Christopher University 2024 Accounting Questions More Post Utme Christopher University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support