Post Utme Uniben 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A company uses the double entry system to record its transactions. The company's ledger shows the following entry: Dr. Cash A/c 10,000, Cr. Bank A/c 10,000. What is the effect of this entry on the company's cash balance?

Answer Options

A. The cash balance increases by 10,000.
B. The cash balance decreases by 10,000.
Correct Answer C. The cash balance remains unchanged.
D. The cash balance increases by 5,000.
Correct Answer
C
Correct Option:
The cash balance remains unchanged.

About This Question

This is Post Utme Uniben 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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