Post Utme Uniport 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A government agency prepares its financial statements on a accrual 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 15. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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