Post Utme Oau 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Oau Accounting examination.

Post Utme Oau 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_OAU • 2024 • ACCOUNTING • objective

A public sector entity has the following transactions: ¦ 10,000 cash received from customers, ¦ 5,000 cash paid to suppliers, and ¦ 3,000 cash paid to employees. What is the correct journal entry to record these transactions?

Answer Options

A. Debit Cash ¦ 10,000, Credit Accounts Receivable ¦ 10,000
B. Debit Cash ¦ 10,000, Credit Accounts Payable ¦ 5,000
C. Debit Cash ¦ 10,000, Credit Cash ¦ 5,000
Correct Answer D. Debit Cash ¦ 10,000, Credit Cash ¦ 3,000
Correct Answer
D
Correct Option:
Debit Cash ¦ 10,000, Credit Cash ¦ 3,000

About This Question

This is Post Utme Oau 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Oau Accounting examination.

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