Post Utme Madonna University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_MADONNA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions were recorded during the month of January:

Answer Options

Correct Answer A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
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
A
Correct Option:
Debit Cash 1,000 and Credit Accounts Receivable 1,000

About This Question

This is Post Utme Madonna University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.

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