Post Utme Crawford University 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded during the year:

Answer Options

Correct Answer A. Debit Cash 1,000 and Credit Revenue 1,000
B. Debit Revenue 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Expense 1,000
D. Debit Expense 1,000 and Credit Cash 1,000
Correct Answer
A
Correct Option:
Debit Cash 1,000 and Credit Revenue 1,000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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