Post Utme Unn 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNN • 2022 • ACCOUNTING • objective

The following transactions were recorded in the cash book of XYZ Ltd. on 31st December 2022: Debit: Bank ₦ 10,000; Credit: Cash ₦ 10,000. What is the effect of this transaction on the cash balance?

Answer Options

Correct Answer A. No effect
B. Increase by ₦ 10,000
C. Decrease by ₦ 10,000
D. Increase by ₦ 5,000
Correct Answer
A
Correct Option:
No effect

About This Question

This is Post Utme Unn 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support