Post Utme Futa 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Receivable 10,000, Sales Revenue 20,000. What is the correct journal entry to record the sale of goods on account?

Answer Options

A. Debit Accounts Receivable 10,000, Credit Sales Revenue 20,000
Correct Answer B. Debit Sales Revenue 20,000, Credit Accounts Receivable 10,000
C. Debit Cash 10,000, Credit Sales Revenue 20,000
D. Debit Sales Revenue 20,000, Credit Cash 10,000
Correct Answer
B
Correct Option:
Debit Sales Revenue 20,000, Credit Accounts Receivable 10,000

About This Question

This is Post Utme Futa 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

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