Post Utme Crawford University 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following ledger balances at the end of the year:

Answer Options

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

About This Question

This is Post Utme Crawford University 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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