Post Utme Crawford University 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 30 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

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

View More Post Utme Crawford University 2018 Accounting Questions More Post Utme Crawford 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