Post Utme Uniosun 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows a debit balance of ₦50,000 for the account 'Accounts Payable'. The company's trial balance shows a credit balance of ₦60,000 for the account 'Accounts Receivable'. What is the correct journal entry to record the payment of accounts payable?

Answer Options

Correct Answer A. ₦50,000 debit to Accounts Payable
B. ₦60,000 credit to Accounts Payable
C. ₦110,000 debit to Accounts Payable
D. ₦110,000 credit to Accounts Payable
Correct Answer
A
Correct Option:
₦50,000 debit to Accounts Payable

About This Question

This is Post Utme Uniosun 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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