Post Utme Ksu 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice

Question 27 POST_UTME_KSU • 2022 • ACCOUNTING • objective

A company uses the self-balancing ledger system to record its transactions. The company's ledger shows a debit balance of ₦20,000 in the account 'Cash'. What is the likely reason for this debit balance?

Correct Answer A. The company has received cash from its customers.

B. The company has not recorded a corresponding credit entry for the cash received.

C. The company has paid its suppliers in cash.

D. The company has not recorded a corresponding debit entry for the cash paid.

Correct Answer

Correct Option:

The company has received cash from its customers.

This is Post Utme Ksu 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Ksu Accounting examination.

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