Post Utme Redeemers University 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice

Question 26 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system. If a customer pays 1,000 cash for a product, what accounts are affected?

Answer Options

Correct Answer A. Cash and Sales accounts

B. Accounts Receivable and Sales accounts

C. Cash and Accounts Receivable accounts

D. Sales and Cost of Goods Sold accounts

Correct Answer

Correct Option:

Cash and Sales accounts

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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