Post Utme Lautech 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_LAUTECH • 2023 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit 1,000 to Cash and Credit 1,000 to Accounts Payable. What is the effect of this transaction on the company's cash balance?

Answer Options

Correct Answer A. ₦0
B. ₦1,000
C. ₦2,000
D. ₦3,000
Correct Answer
A
Correct Option:
₦0

About This Question

This is Post Utme Lautech 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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