Post Utme Futa 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If a customer pays ₦10,000 for goods sold, what is the journal entry to record the transaction?

Answer Options

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

About This Question

This is Post Utme Futa 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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