Post Utme Al Hikmah University 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2024 Accounting Objective / Multiple Choice

Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ACCOUNTING • objective

The following transactions occurred during the month of January: (a) purchased office equipment for ₦50,000, (b) sold goods for ₦100,000, (c) paid salaries of ₦20,000. Prepare the journal entries for these transactions.

Answer Options

A. Debit Office Equipment ₦50,000, Credit Cash ₦50,000

B. Debit Cash ₦100,000, Credit Sales ₦100,000

C. Debit Salaries ₦20,000, Credit Cash ₦20,000

D. Debit Office Equipment ₦50,000, Credit Sales ₦50,000

Correct Answer

N/A

About This Question

This is Post Utme Al Hikmah University 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.

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