Post Utme Ims U 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company uses the single-entry system of accounting. If the company receives ₦100,000 in cash from customers, what is the journal entry to record the transaction?

Answer Options

Correct Answer A. Debit Cash ₦100,000
B. Credit Cash ₦100,000
C. Debit Sales ₦100,000
D. Credit Sales ₦100,000
Correct Answer
A
Correct Option:
Debit Cash ₦100,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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