Post Utme Achievers University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A public sector organization has the following transactions: Purchase of office supplies ₦50,000, Payment of salaries ₦200,000. Prepare the journal entries for these transactions.

Answer Options

Correct Answer A. Debit Office Supplies ₦50,000, Credit Cash ₦50,000
B. Debit Salaries ₦200,000, Credit Cash ₦200,000
C. Debit Office Supplies ₦50,000, Credit Salaries ₦50,000
D. Debit Salaries ₦200,000, Credit Office Supplies ₦200,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦50,000, Credit Cash ₦50,000

About This Question

This is Post Utme Achievers University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

View More Post Utme Achievers University 2024 Accounting Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

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