Post Utme Noun 2018 Accounting Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 33 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Common Stock ₦12,000. Prepare a journal entry to record these transactions.

Answer Options

Correct Answer A. Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Common Stock ₦12,000
B. Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Common Stock ₦10,000
C. Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Common Stock ₦15,000
D. Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Common Stock ₦18,000
Correct Answer
A
Correct Option:
Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Accounts Receivable ₦8,000, Credit Common Stock ₦12,000

About This Question

This is Post Utme Noun 2018 Accounting Question 33. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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