Post Utme Esut 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. If it records a debit of ₦10,000 to 'Accounts Payable' and a credit of ₦10,000 to 'Cash', what is the effect on the company's ledger balance?

Answer Options

A. An increase in the ledger balance
B. A decrease in the ledger balance
Correct Answer C. No change in the ledger balance
D. A decrease in the ledger balance and an increase in the control account
Correct Answer
C
Correct Option:
No change in the ledger balance

About This Question

This is Post Utme Esut 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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