Post Utme Achievers University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Purchased office equipment for ₦50,000, and Sold office equipment for ₦20,000. What is the net effect on the company's office supplies account?

Answer Options

Correct Answer A. ₦30,000 debit
B. ₦30,000 credit
C. ₦40,000 debit
D. ₦40,000 credit
Correct Answer
A
Correct Option:
₦30,000 debit

About This Question

This is Post Utme Achievers University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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