Post Utme Christopher University 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the double-entry system. The following transactions were recorded: Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000. What is the correct journal entry to record the transaction in a single-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 39. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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