Post Utme Uniport 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A company has a control account for its cash. If the cash account balance is ₦50,000 and the cash account is debited by ₦20,000, what is the journal entry to record the transaction?

Answer Options

Correct Answer A. Debit Cash A/c ₦20,000, Credit Control A/c ₦20,000
B. Debit Control A/c ₦20,000, Credit Cash A/c ₦20,000
C. Debit Cash A/c ₦20,000, Credit Bank A/c ₦20,000
D. Debit Bank A/c ₦20,000, Credit Cash A/c ₦20,000
Correct Answer
A
Correct Option:
Debit Cash A/c ₦20,000, Credit Control A/c ₦20,000

About This Question

This is Post Utme Uniport 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

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