Post Utme Summit University 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice
Question 1 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the month of January:

Answer Options

A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Inventory 1,000
D. Debit Accounts Payable 1,000 and Credit Cash 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Summit University 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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