Post Utme Bowen University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BOWEN_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchased a machine for 10,000 cash and 5,000 on account. Prepare the journal entry to record the purchase.

Answer Options

Correct Answer A. Debit Cash 10,000, Credit Machine 10,000
B. Debit Machine 10,000, Credit Cash 10,000
C. Debit Machine 10,000, Credit Accounts Payable 5,000
D. Debit Accounts Payable 5,000, Credit Machine 10,000
Correct Answer
A
Correct Option:
Debit Cash 10,000, Credit Machine 10,000

About This Question

This is Post Utme Bowen University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Bowen University Accounting examination.

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