Post Utme Mountain Top University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book shows the following transactions: Cash received from customers ₦20,000, Cash paid to suppliers ₦10,000, Cash received from bank ₦5,000. What is the correct journal entry to record these transactions?

Answer Options

Correct Answer A. Debit Cash A/c ₦25,000, Credit Bank A/c ₦5,000
B. Debit Cash A/c ₦20,000, Credit Suppliers A/c ₦10,000
C. Debit Cash A/c ₦25,000, Credit Customers A/c ₦20,000
D. Debit Bank A/c ₦5,000, Credit Cash A/c ₦5,000
Correct Answer
A
Correct Option:
Debit Cash A/c ₦25,000, Credit Bank A/c ₦5,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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