Post Utme Greenfield University 2025 Accounting Question 33
Practice objective / multiple choice question 33 from the 2025 Post Utme Greenfield University Accounting examination.
A company uses a self-balancing ledger to record its transactions. The ledger has two accounts: Cash and Accounts Payable. The Cash account has a debit balance of ₦50,000 and the Accounts Payable account has a credit balance of ₦30,000. What is the net effect on the company's equity when the Cash account is debited by ₦10,000 and the Accounts Payable account is credited by ₦10,000?
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About This Question
This is Post Utme Greenfield University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.
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