Post Utme Rhema University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows the following entries: Debit: Cash = ₦10,000, Credit: Bank = ₦5,000. What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. ₦5,000 decrease
B. ₦5,000 increase
C. ₦10,000 increase
D. ₦10,000 decrease
Correct Answer
A
Correct Option:
₦5,000 decrease

About This Question

This is Post Utme Rhema University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support