Post Utme Osustech 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. From the following transactions, determine the correct journal entry for the sale of goods for ₦80,000.

Answer Options

Correct Answer A. Debit Sales Revenue ₦80,000, Credit Cash ₦80,000
B. Debit Cash ₦80,000, Credit Sales Revenue ₦80,000
C. Debit Sales Revenue ₦80,000, Credit Accounts Receivable ₦80,000
D. Debit Accounts Receivable ₦80,000, Credit Sales Revenue ₦80,000
Correct Answer
A
Correct Option:
Debit Sales Revenue ₦80,000, Credit Cash ₦80,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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