Post Utme Rsu 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: ₦15,000, Credit: ₦20,000. What is the correct journal entry for this transaction?

Answer Options

A. Debit: ₦15,000, Credit: ₦20,000
Correct Answer B. Debit: ₦20,000, Credit: ₦15,000
C. Debit: ₦25,000, Credit: ₦25,000
D. Debit: ₦0, Credit: ₦0
Correct Answer
B
Correct Option:
Debit: ₦20,000, Credit: ₦15,000

About This Question

This is Post Utme Rsu 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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