Post Utme Lasu 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for £ 10,000, Sold goods for £ 15,000, Purchased equipment for £ 20,000. Prepare a cash book.

Answer Options

A. Cash £ 10,000, Bank £ 5,000, Debtors £ 15,000, Creditors £ 20,000
Correct Answer B. Cash £ 15,000, Bank £ 10,000, Debtors £ 20,000, Creditors £ 15,000
C. Cash £ 20,000, Bank £ 15,000, Debtors £ 10,000, Creditors £ 20,000
D. Cash £ 25,000, Bank £ 20,000, Debtors £ 15,000, Creditors £ 10,000
Correct Answer
B
Correct Option:
Cash £ 15,000, Bank £ 10,000, Debtors £ 20,000, Creditors £ 15,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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