Post Utme Aaua 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice

Question 13 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company purchases office supplies for ₦10,000 and pays cash, what is the journal entry?

Correct Answer A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000

B. Debit Cash ₦10,000, Credit Office Supplies ₦10,000

C. Debit Office Supplies ₦10,000, Credit Accounts Payable ₦10,000

D. Debit Accounts Payable ₦10,000, Credit Office Supplies ₦10,000

Correct Answer

Correct Option:

Debit Office Supplies ₦10,000, Credit Cash ₦10,000

This is Post Utme Aaua 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support