Post Utme Skyline University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company's trial balance shows a debit balance of ₦5,000 in the 'Rent and Utilities' account, what is the corresponding credit entry in the 'Cash' account?

Answer Options

Correct Answer A. ₦5,000
B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦5,000

About This Question

This is Post Utme Skyline University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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