Post Utme Uniosun 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit: ¦ 10,000, Credit: ¦ 5,000. What is the effect of this transaction on the cash balance?

Answer Options

A. Increase in cash balance by ¦ 5,000
Correct Answer B. Decrease in cash balance by ¦ 5,000
C. Increase in cash balance by ¦ 10,000
D. Decrease in cash balance by ¦ 10,000
Correct Answer
B
Correct Option:
Decrease in cash balance by ¦ 5,000

About This Question

This is Post Utme Uniosun 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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