Post Utme Crawford University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The following transactions occurred during the month of January:

Answer Options

A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Inventory 1,000
D. Debit Inventory 1,000 and Credit Accounts Payable 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Crawford University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Crawford University Accounting examination.

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