Post Utme Achievers University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. It records a transaction where it purchases office supplies for ₦10,000 cash. What is the effect on the accounting equation?

Answer Options

A. Assets increase, Liabilities decrease
B. Assets decrease, Liabilities increase
Correct Answer C. Assets increase, Liabilities increase
D. Assets decrease, Liabilities decrease
Correct Answer
C
Correct Option:
Assets increase, Liabilities increase

About This Question

This is Post Utme Achievers University 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Achievers University Accounting examination.

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