Post Utme Crawford University 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦50,000 cash, sold goods for ₦75,000 on credit, and purchased goods for ₦30,000 on credit. Prepare a cash book and ledger accounts.

Answer Options

Correct Answer A. Cash Book: Debit Purchases ₦50,000, Credit Sales ₦75,000; Ledger: Debit Purchases ₦80,000, Credit Sales ₦75,000
B. Cash Book: Debit Purchases ₦50,000, Credit Sales ₦75,000; Ledger: Debit Purchases ₦80,000, Credit Sales ₦75,000
C. Cash Book: Debit Purchases ₦50,000, Credit Sales ₦75,000; Ledger: Debit Purchases ₦80,000, Credit Sales ₦75,000
D. Cash Book: Debit Purchases ₦50,000, Credit Sales ₦75,000; Ledger: Debit Purchases ₦80,000, Credit Sales ₦75,000
Correct Answer
A
Correct Option:
Cash Book: Debit Purchases ₦50,000, Credit Sales ₦75,000; Ledger: Debit Purchases ₦80,000, Credit Sales ₦75,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

View More Post Utme Crawford University 2021 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