Post Utme Redeemers University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's ledger shows the following balances: Cash ₦50,000, Accounts Receivable ₦100,000, Sales Revenue ₦200,000. Prepare the journal entries for these transactions.

Answer Options

A. Debit Cash ₦50,000, Credit Sales Revenue ₦50,000
B. Debit Accounts Receivable ₦100,000, Credit Sales Revenue ₦100,000
Correct Answer C. Debit Cash ₦50,000, Credit Accounts Receivable ₦100,000
D. Debit Sales Revenue ₦200,000, Credit Cash ₦50,000
Correct Answer
C
Correct Option:
Debit Cash ₦50,000, Credit Accounts Receivable ₦100,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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