Post Utme Eksu 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: Cash = ₦10,000, Credit: Sales Revenue = ₦10,000. What is the effect of this transaction on the company's cash balance?

Answer Options

Correct Answer A. ₦10,000 increase
B. ₦10,000 decrease
C. No effect on cash balance
D. ₦20,000 increase
Correct Answer
A
Correct Option:
₦10,000 increase

About This Question

This is Post Utme Eksu 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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