Post Utme Al Hikmah University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: Debit: Raw Materials 10,000, Work-in-Progress 20,000, Finished Goods 30,000 Credit: Purchases 40,000, Direct Labor 15,000, Overhead 25,000 What is the correct journal entry to record these transactions?

Answer Options

Correct Answer A. Debit Raw Materials 10,000, Work-in-Progress 20,000, Finished Goods 30,000 Credit Purchases 40,000, Direct Labor 15,000, Overhead 25,000
B. Debit Purchases 40,000, Direct Labor 15,000, Overhead 25,000 Credit Raw Materials 10,000, Work-in-Progress 20,000, Finished Goods 30,000
C. Debit Raw Materials 10,000, Work-in-Progress 20,000, Finished Goods 30,000 Credit Purchases 40,000, Direct Labor 15,000
D. Debit Purchases 40,000, Direct Labor 15,000, Overhead 25,000 Credit Raw Materials 10,000, Work-in-Progress 20,000
Correct Answer
A
Correct Option:
Debit Raw Materials 10,000, Work-in-Progress 20,000, Finished Goods 30,000 Credit Purchases 40,000, Direct Labor 15,000, Overhead 25,000

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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