Post Utme Delsu 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Delsu Accounting examination.

Post Utme Delsu 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_DELSU • 2022 • ACCOUNTING • objective

A company's ledger shows the following transactions: Debit: ₦10,000; Credit: ₦8,000. What is the net effect of these transactions on the company's assets and liabilities?

Answer Options

Correct Answer A. Increase assets by ₦2,000 and decrease liabilities by ₦2,000
B. Decrease assets by ₦2,000 and increase liabilities by ₦2,000
C. Increase assets by ₦8,000 and decrease liabilities by ₦8,000
D. Decrease assets by ₦10,000 and increase liabilities by ₦10,000
Correct Answer
A
Correct Option:
Increase assets by ₦2,000 and decrease liabilities by ₦2,000

About This Question

This is Post Utme Delsu 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Delsu Accounting examination.

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