Post Utme Bowen University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased goods worth ₦80,000 on credit; sold goods worth ₦100,000 for cash; and paid a creditor ₦20,000. Prepare the company's ledger accounts for the above transactions.

Answer Options

A. Goods Purchases Ledger: Debit ₦80,000, Credit ₦0
B. Sales Ledger: Debit ₦0, Credit ₦100,000
C. Creditor Ledger: Debit ₦0, Credit ₦20,000
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 29. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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