Post Utme Wellspring University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A single entry system is used to record transactions. The journal entry for a sale of goods on credit is: Debit Sales A/c ₦10,000, Credit Debtors A/c ₦10,000. What is the correct classification of this transaction?

Answer Options

Correct Answer A. Trading transaction
B. Non-trading transaction
C. Capital transaction
D. Revenue transaction
Correct Answer
A
Correct Option:
Trading transaction

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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