Post Utme Esut 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal entries for the year are as follows: Debit Cash ₦ 10,000, Credit Accounts Payable ₦ 5,000. Prepare the company's ledger accounts.

Answer Options

Correct Answer A. Cash: ₦ 10,000, Accounts Payable: ₦ 5,000
B. Cash: ₦ 5,000, Accounts Payable: ₦ 10,000
C. Cash: ₦ 15,000, Accounts Payable: ₦ 5,000
D. Cash: ₦ 10,000, Accounts Payable: ₦ 10,000
Correct Answer
A
Correct Option:
Cash: ₦ 10,000, Accounts Payable: ₦ 5,000

About This Question

This is Post Utme Esut 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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