Post Utme Lautech 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_LAUTECH • 2023 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: Assets: Cash, Accounts Receivable, Inventory Liabilities: Accounts Payable, Notes Payable Equity: Common Stock, Retained Earnings What is the correct order of recording these transactions?

Answer Options

Correct Answer A. Assets, Liabilities, Equity
B. Liabilities, Assets, Equity
C. Equity, Assets, Liabilities
D. Assets, Equity, Liabilities
Correct Answer
A
Correct Option:
Assets, Liabilities, Equity

About This Question

This is Post Utme Lautech 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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