Post Utme Greenfield University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective
Post Utme Greenfield University 2017 Accounting Question 18 diagram

A company uses the single-entry system of accounting. The company's accounting records show the following transactions for the year:

Answer Options

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

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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