Post Utme Nile University 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Nile University Accounting examination.

Post Utme Nile University 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NILE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. It records the following transactions in its journal: Debit Cash ₦10,000, Credit Purchases ₦10,000. What is the correct entry in the ledger?

Answer Options

A. Debit Purchases ₦10,000, Credit Cash ₦10,000.
B. Debit Purchases ₦10,000, Credit Cash ₦10,000.
Correct Answer C. Debit Cash ₦10,000, Credit Purchases ₦10,000.
D. Debit Purchases ₦10,000, Credit Purchases ₦10,000.
Correct Answer
C
Correct Option:
Debit Cash ₦10,000, Credit Purchases ₦10,000.

About This Question

This is Post Utme Nile University 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Nile University Accounting examination.

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