Waec Model Questions Vol1 2020 Financial Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2020 Financial Accounting Objective / Multiple Choice Easy Difficulty

Question 19 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • FINANCIAL_ACCOUNTING • objective

The business purchased office supplies on credit for ₦5,000. Record the journal entry.

Answer Options

A. Debit Accounts Payable ₦5,000; Credit Office Supplies ₦5,000

B. Debit Office Supplies ₦5,000; Credit Cash ₦5,000

C. Debit Office Supplies ₦5,000; Credit Notes Payable ₦5,000

Correct Answer D. Debit Office Supplies ₦5,000; Credit Accounts Payable ₦5,000

Correct Answer

Correct Option:

Debit Office Supplies ₦5,000; Credit Accounts Payable ₦5,000

About This Question

This is Waec Model Questions Vol1 2020 Financial Accounting Question 19. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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