Post Utme Skyline University 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows the following entries: Debit: Cash ₦10,000, Credit: Sales ₦15,000. What is the net effect on the cash balance?

Answer Options

Correct Answer A. ₦5,000 increase
B. ₦5,000 decrease
C. ₦10,000 increase
D. ₦10,000 decrease
Correct Answer
A
Correct Option:
₦5,000 increase

About This Question

This is Post Utme Skyline University 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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