Waec Model Questions Vol1 2023 Financial Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2023 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 5 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • FINANCIAL_ACCOUNTING • objective

During the month, the company paid ₦12,000 cash for its electricity expense. Record the journal entry for this transaction.

Answer Options

A. Debit Utilities Expense 12000; Credit Cash 12000
B. Debit Electricity Expense 12000; Credit Accounts Payable 12000
C. Debit Electricity Expense 12000; Credit Cash 10000
Correct Answer D. Debit Electricity Expense 12000; Credit Cash 12000
Correct Answer
D
Correct Option:
Debit Electricity Expense 12000; Credit Cash 12000

About This Question

This is Waec Model Questions Vol1 2023 Financial Accounting Question 5. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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