Post Utme Achievers University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchase of goods for ₦100,000, Sale of goods for ₦150,000, Purchase of office equipment for ₦20,000. What is the correct journal entry for the purchase of goods?

Answer Options

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

About This Question

This is Post Utme Achievers University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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