Post Utme Noun 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Noun Accounting examination.

Post Utme Noun 2023 Accounting Objective / Multiple Choice

Question 32 POST_UTME_NOUN • 2023 • ACCOUNTING • objective

A company has the following journal entry: Debit Cash 10,000, Credit Accounts Receivable 10,000. What is the effect of this journal entry on the accounting equation?

Correct Answer A. Increases Assets, Decreases Liabilities

B. Decreases Assets, Increases Liabilities

C. Increases Assets, Increases Liabilities

D. Decreases Assets, Decreases Liabilities

Correct Answer

Correct Option:

Increases Assets, Decreases Liabilities

This is Post Utme Noun 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Noun Accounting examination.

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