Post Utme Ims U 2020 Accounting Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the year:

Answer Options

A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
B. Debit Accounts Payable 1,000 and Credit Cash 1,000
Correct Answer C. Debit Accounts Receivable 1,000 and Credit Cash 1,000
D. Debit Cash 1,000 and Credit Accounts Payable 1,000
Correct Answer
C
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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