Post Utme Unn 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company has the following transactions recorded in its cash book: Debit: Bank ₦ 50,000; Credit: Cash ₦ 50,000. What is the effect of this transaction on the cash balance?

Answer Options

Correct Answer A. No effect
B. Increase by ₦ 50,000
C. Decrease by ₦ 50,000
D. Increase by ₦ 25,000
Correct Answer
A
Correct Option:
No effect

About This Question

This is Post Utme Unn 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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