Post Utme Skyline University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2025 Accounting Objective / Multiple Choice

Question 5 POST_UTME_SKYLINE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company receives cash of ₦20,000 from a customer. What is the correct journal entry for this transaction?

Answer Options

Correct Answer A. Debit Cash Account, Credit Sales Account

B. Debit Sales Account, Credit Cash Account

C. Debit Cash Account, Credit Bank Account

D. Debit Bank Account, Credit Cash Account

Correct Answer

Correct Option:

Debit Cash Account, Credit Sales Account

About This Question

This is Post Utme Skyline University 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Skyline University Accounting examination.

View More Post Utme Skyline University 2025 Accounting Questions More Post Utme Skyline University Practice Questions Back to Questions

Master the Exam!

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