Post Utme Uniben 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company has the following cash book entries: Debit Cash ₦10,000, Credit Accounts Payable ₦10,000. What is the effect on the cash balance?

Answer Options

Correct Answer A. ₦10,000 decrease
B. ₦10,000 increase
C. ₦20,000 decrease
D. ₦20,000 increase
Correct Answer
A
Correct Option:
₦10,000 decrease

About This Question

This is Post Utme Uniben 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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