Post Utme Bowen University 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions in its incomplete records: Purchased goods worth ₦120,000 on credit; sold goods worth ₦150,000 for cash; and paid a creditor ₦30,000. Prepare the company's ledger accounts for the above transactions.

Answer Options

A. Goods Purchases Ledger: Debit ₦120,000, Credit ₦0
B. Sales Ledger: Debit ₦0, Credit ₦150,000
C. Creditor Ledger: Debit ₦0, Credit ₦30,000
Correct Answer D. All of the above
Correct Answer
D
Correct Option:
All of the above

About This Question

This is Post Utme Bowen University 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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