Post Utme Ui 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Ui Accounting examination.

Post Utme Ui 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UI • 2018 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The following transactions are recorded in the ledger: Debit: Office Supplies ₦15,000 Credit: Cash ₦15,000 What is the effect of this transaction on the company's cash balance?

Answer Options

A. The cash balance decreases by ₦15,000
Correct Answer B. The cash balance increases by ₦15,000
C. The cash balance remains the same
D. The cash balance increases by ₦30,000
Correct Answer
B
Correct Option:
The cash balance increases by ₦15,000

About This Question

This is Post Utme Ui 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Ui Accounting examination.

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