Post Utme Uniport 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company prepares its financial statements on a cash basis. The following transactions occurred during the year:

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 14. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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