Post Utme Skyline University 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for £ 5,000 on credit, Sold goods for £ 6,000 on credit, and Paid cash £ 2,000 to a creditor. Prepare the cash book for the company.

Answer Options

Correct Answer A. Cash Book: Purchases £ 5,000, Sales £ 6,000, Cash £ 2,000
B. Cash Book: Purchases £ 5,000, Sales £ 6,000, Creditor £ 2,000
C. Cash Book: Purchases £ 5,000, Sales £ 6,000, Cash £ 4,000
D. Cash Book: Purchases £ 5,000, Sales £ 6,000, Creditor £ 4,000
Correct Answer
A
Correct Option:
Cash Book: Purchases £ 5,000, Sales £ 6,000, Cash £ 2,000

About This Question

This is Post Utme Skyline University 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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