Post Utme Igbinedion University 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following accounts:

Answer Options

A. Debit Sales 10,000 and Credit Cost of Goods Sold 10,000
Correct Answer B. Debit Cost of Goods Sold 10,000 and Credit Sales 10,000
C. Debit Sales 10,000 and Credit Accounts Receivable 10,000
D. Debit Accounts Receivable 10,000 and Credit Sales 10,000
Correct Answer
B
Correct Option:
Debit Cost of Goods Sold 10,000 and Credit Sales 10,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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