Waec Model Questions Vol1 2024 Financial Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2024 Financial Accounting Objective / Multiple Choice Easy Difficulty

Question 35 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • FINANCIAL_ACCOUNTING • objective

A business received ₦45,000 cash from a debtor who settled part of their account. Record the journal entry for this receipt.

Answer Options

A. Trade Receivables Dr ₦45,000; Cash Cr ₦45,000

Correct Answer B. Cash Dr ₦45,000; Trade Receivables Cr ₦45,000

C. Cash Dr ₦40,000; Trade Receivables Cr ₦40,000

D. Cash Dr ₦45,000; Sales Revenue Cr ₦45,000

Correct Answer

Correct Option:

Cash Dr ₦45,000; Trade Receivables Cr ₦45,000

About This Question

This is Waec Model Questions Vol1 2024 Financial Accounting Question 35. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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