Post Utme Eksu 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice

Question 5 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A company uses the single-entry system and has the following transactions during the month of March:

A. Debit Cash ₦50,000, Credit Accounts Payable ₦50,000.

Correct Answer B. Debit Accounts Payable ₦50,000, Credit Cash ₦50,000.

C. Debit Cash ₦20,000, Credit Accounts Payable ₦20,000.

D. Debit Accounts Payable ₦20,000, Credit Cash ₦20,000.

Correct Answer

Correct Option:

Debit Accounts Payable ₦50,000, Credit Cash ₦50,000.

This is Post Utme Eksu 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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