Post Utme Bells University 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Office Supplies Account ₦10,000; Office Supplies Expense ₦5,000. What is the net effect of these transactions on the company's financial position?

Answer Options

A. Increase in assets
Correct Answer B. Decrease in assets
C. Increase in liabilities
D. Decrease in liabilities
Correct Answer
B
Correct Option:
Decrease in assets

About This Question

This is Post Utme Bells University 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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