Post Utme Lead City University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • 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 Payable 1,000
Correct Answer B. Debit Accounts Payable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Sales 1,000
D. Debit Sales 1,000 and Credit Cash 1,000
Correct Answer
B
Correct Option:
Debit Accounts Payable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Lead City University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Lead City University Accounting examination.

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