Post Utme Esut 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Debitors ₦100,000, Creditors ₦80,000. What is the correct journal entry to record the payment of the creditors?

Answer Options

A. Debit Creditors ₦80,000, Credit Cash ₦80,000.
Correct Answer B. Debit Cash ₦80,000, Credit Creditors ₦80,000.
C. Debit Debitors ₦80,000, Credit Creditors ₦80,000.
D. Debit Creditors ₦80,000, Debit Cash ₦80,000.
Correct Answer
B
Correct Option:
Debit Cash ₦80,000, Credit Creditors ₦80,000.

About This Question

This is Post Utme Esut 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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