Post Utme Ims U 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company has the following incomplete records:

Answer Options

A. Debit Sales 10,000 and Credit Cost of Goods Sold 5,000
Correct Answer B. Debit Cost of Goods Sold 5,000 and Credit Sales 10,000
C. Debit Sales 5,000 and Credit Cost of Goods Sold 10,000
D. Debit Cost of Goods Sold 10,000 and Credit Sales 5,000
Correct Answer
B
Correct Option:
Debit Cost of Goods Sold 5,000 and Credit Sales 10,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

View More Post Utme Ims U 2020 Accounting Questions More Post Utme Ims U Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support