Post Utme Unn 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal shows the following transactions: Debit: ₦50,000, Credit: ₦60,000. What is the correct entry in the ledger?

Answer Options

A. Debit: ₦50,000, Credit: ₦60,000.
Correct Answer B. Debit: ₦60,000, Credit: ₦50,000.
C. Debit: ₦50,000, Credit: ₦50,000.
D. Debit: ₦60,000, Credit: ₦60,000.
Correct Answer
B
Correct Option:
Debit: ₦60,000, Credit: ₦50,000.

About This Question

This is Post Utme Unn 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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