Post Utme Rsu 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice

Question 20 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: ₦5,000, Credit: ₦8,000. What is the correct journal entry for this transaction?

A. Debit: ₦5,000, Credit: ₦8,000

Correct Answer B. Debit: ₦8,000, Credit: ₦5,000

C. Debit: ₦10,000, Credit: ₦10,000

D. Debit: ₦0, Credit: ₦0

Correct Answer

Correct Option:

Debit: ₦8,000, Credit: ₦5,000

This is Post Utme Rsu 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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