Post Utme Ui 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UI • 2022 • ACCOUNTING • objective

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

Answer Options

A. Debit Cash ₦10,000, Credit Accounts Payable ₦10,000
Correct Answer B. Credit Cash ₦10,000, Debit Accounts Payable ₦10,000
C. Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000
D. Credit Cash ₦10,000, Debit Accounts Receivable ₦10,000
Correct Answer
B
Correct Option:
Credit Cash ₦10,000, Debit Accounts Payable ₦10,000

About This Question

This is Post Utme Ui 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

View More Post Utme Ui 2022 Accounting Questions More Post Utme Ui 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