Post Utme Lead City University 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • 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 and Credit Accounts Payable
Correct Answer B. Credit Cash and Debit Accounts Payable
C. Debit Accounts Payable and Credit Cash
D. Credit Accounts Payable and Debit Cash
Correct Answer
B
Correct Option:
Credit Cash and Debit Accounts Payable

About This Question

This is Post Utme Lead City University 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Lead City University Accounting examination.

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