Post Utme Lasu 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LASU • 2019 • 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 Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Accounts Payable 1,000
D. Debit Accounts Payable 1,000 and Credit Cash 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Lasu 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

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