Post Utme Babcock University 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's cash book shows the following transactions: Deposited ₦10,000 into the bank, withdrew ₦5,000 from the bank, and purchased office supplies for ₦8,000. Prepare the cash book entries for these transactions.

Answer Options

A. Debit Office Supplies ₦8,000, Credit Cash ₦8,000
B. Debit Office Supplies ₦8,000, Credit Bank ₦8,000
C. Debit Bank ₦5,000, Credit Cash ₦5,000
Correct Answer D. Debit Cash ₦10,000, Credit Bank ₦10,000
Correct Answer
D
Correct Option:
Debit Cash ₦10,000, Credit Bank ₦10,000

About This Question

This is Post Utme Babcock University 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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