Post Utme Wellspring University 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. If the company receives cash of ₦100,000 from a customer, what is the journal entry to record this transaction?

Answer Options

Correct Answer A. Debit Cash ₦100,000, Credit Sales ₦100,000
B. Debit Sales ₦100,000, Credit Cash ₦100,000
C. Debit Bank ₦100,000, Credit Sales ₦100,000
D. Debit Sales ₦100,000, Credit Bank ₦100,000
Correct Answer
A
Correct Option:
Debit Cash ₦100,000, Credit Sales ₦100,000

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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