Post Utme Uniport 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the month of January:

Answer Options

A. Debit Cash 1,000 and Credit Accounts Receivable 1,000
Correct Answer B. Debit Accounts Receivable 1,000 and Credit Cash 1,000
C. Debit Cash 1,000 and Credit Accounts Payable 1,000
D. Debit Accounts Payable 1,000 and Credit Cash 1,000
Correct Answer
B
Correct Option:
Debit Accounts Receivable 1,000 and Credit Cash 1,000

About This Question

This is Post Utme Uniport 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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