Post Utme Crawford University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows the following transactions: Cash received from customers ₦50,000, Cash paid to suppliers ₦30,000, and Cash received from bank ₦20,000. What is the correct cash book entry to record the transactions?

Answer Options

Correct Answer A. ₦50,000 debit to Cash and ₦30,000 credit to Suppliers
B. ₦50,000 credit to Cash and ₦30,000 debit to Suppliers
C. ₦50,000 debit to Cash and ₦20,000 credit to Bank
D. ₦50,000 credit to Cash and ₦20,000 debit to Bank
Correct Answer
A
Correct Option:
₦50,000 debit to Cash and ₦30,000 credit to Suppliers

About This Question

This is Post Utme Crawford University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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