Post Utme Nile University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows the following transactions: Cash received from customers ₦10,000, Cash paid to suppliers ₦5,000, and Cash paid to employees ₦3,000. Prepare the cash book entry for these transactions.

Answer Options

Correct Answer A. ₦10,000 credit to Cash, ₦5,000 debit to Cash, ₦3,000 debit to Cash
B. ₦10,000 credit to Cash, ₦8,000 debit to Cash
C. ₦10,000 credit to Cash, ₦8,000 credit to Cash
D. ₦10,000 debit to Cash, ₦8,000 credit to Cash
Correct Answer
A
Correct Option:
₦10,000 credit to Cash, ₦5,000 debit to Cash, ₦3,000 debit to Cash

About This Question

This is Post Utme Nile University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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