Post Utme Nile University 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Nile University Accounting examination.

Post Utme Nile University 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_NILE_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Nile University 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Nile University Accounting examination.

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