Post Utme Crawford University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the year:

Answer Options

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

About This Question

This is Post Utme Crawford University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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