Post Utme Summit University 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: Cash 1,000; Credit: Sales 1,000. What is the effect of this transaction on the cash book?

Answer Options

A. Increases cash and decreases sales
B. Decreases cash and increases sales
Correct Answer C. Increases cash and increases sales
D. Decreases cash and decreases sales
Correct Answer
C
Correct Option:
Increases cash and increases sales

About This Question

This is Post Utme Summit University 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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