Post Utme Rsu 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Rsu Accounting examination.

Post Utme Rsu 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_RSU • 2019 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows the following transactions: Debit Cash ₦10,000, Credit Accounts Payable ₦10,000. Prepare the company's journal entry.

Answer Options

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

About This Question

This is Post Utme Rsu 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Rsu Accounting examination.

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