Post Utme Crawford University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A firm 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 35. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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