Post Utme Igbinedion University 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following accounts:

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 Igbinedion University 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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