Post Utme Ims U 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Ims U Accounting examination.

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Ims U 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Ims U Accounting examination.

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