Post Utme Greenfield University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective
Post Utme Greenfield University 2017 Accounting Question 14 diagram

A public sector organization has the following transactions for the month of February:

Answer Options

Correct Answer A. Debit Government Account ₦20,000, Credit Revenue Account ₦20,000
B. Debit Revenue Account ₦20,000, Credit Government Account ₦20,000
C. Debit Government Account ₦20,000, Credit Asset Account ₦20,000
D. Debit Liability Account ₦20,000, Credit Government Account ₦20,000
Correct Answer
A
Correct Option:
Debit Government Account ₦20,000, Credit Revenue Account ₦20,000

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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