Post Utme Crawford University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's accounting records show the following transactions for the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Cash | 10,000 | | | 5-Jan | Sales | | 15,000 | | 10-Jan | Rent | 5,000 | | | 15-Jan | Purchase | | 8,000 | | 20-Jan | Cash | | 12,000 | What is the correct ledger account for the sales transaction on 5-Jan?

Answer Options

Correct Answer A. Debit Sales 15,000, Credit Cash 15,000
B. Debit Sales 15,000, Credit Accounts Receivable 15,000
C. Debit Accounts Receivable 15,000, Credit Sales 15,000
D. Debit Cash 15,000, Credit Sales 15,000
Correct Answer
A
Correct Option:
Debit Sales 15,000, Credit Cash 15,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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