Post Utme Rsu 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice

Question 17 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: ₦10,000, Credit: ₦12,000. What is the correct journal entry for this transaction?

A. Debit: ₦10,000, Credit: ₦12,000

Correct Answer B. Debit: ₦12,000, Credit: ₦10,000

C. Debit: ₦20,000, Credit: ₦20,000

D. Debit: ₦0, Credit: ₦0

Correct Answer

Correct Option:

Debit: ₦12,000, Credit: ₦10,000

This is Post Utme Rsu 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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