Post Utme Futo 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Futo Accounting examination.

Post Utme Futo 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_FUTO • 2025 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: Cash, Accounts Payable, and Sales Revenue. The company's trial balance shows a debit balance of ₦10,000 in the Cash account and a credit balance of ₦20,000 in the Accounts Payable account. What is the correct journal entry to record the sale of goods worth ₦15,000 on credit to a customer?

Answer Options

A. Debit Cash ₦15,000, Credit Sales Revenue ₦15,000
B. Debit Accounts Payable ₦15,000, Credit Sales Revenue ₦15,000
C. Debit Cash ₦15,000, Credit Accounts Payable ₦15,000
Correct Answer D. Debit Sales Revenue ₦15,000, Credit Accounts Payable ₦15,000
Correct Answer
D
Correct Option:
Debit Sales Revenue ₦15,000, Credit Accounts Payable ₦15,000

About This Question

This is Post Utme Futo 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Futo Accounting examination.

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