Post Utme Veritas University 2020 Accounting Question 44

Practice objective / multiple choice question 44 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 44 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions in its double-entry system: ₦10,000 debit to cash account and ₦10,000 credit to cash account. What is the net effect on the cash account?

Answer Options

Correct Answer A. ₦0
B. ₦10,000 debit
C. ₦10,000 credit
D. ₦20,000 debit
Correct Answer
A
Correct Option:
₦0

About This Question

This is Post Utme Veritas University 2020 Accounting Question 44. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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