Post Utme Esut 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows the following transactions: Debit: Cash ₦50,000, Credit: Bank ₦50,000. What is the effect of this transaction on the company's cash balance?

Answer Options

Correct Answer A. Increase by ₦50,000
B. Decrease by ₦50,000
C. No effect
D. Increase by ₦25,000
Correct Answer
A
Correct Option:
Increase by ₦50,000

About This Question

This is Post Utme Esut 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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