Post Utme Bowen University 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 17 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A public sector organization has the following transactions: Purchase of office supplies ₦10,000, Payment of salaries ₦50,000, Receipt of rent ₦20,000. What is the correct journal entry to record these transactions?

Answer Options

Correct Answer A. Debit Office Supplies ₦10,000, Debit Salaries ₦50,000, Credit Rent Received ₦20,000
B. Debit Office Supplies ₦10,000, Credit Salaries ₦50,000, Debit Rent Received ₦20,000
C. Debit Office Supplies ₦10,000, Credit Salaries ₦50,000, Credit Rent Received ₦20,000
D. Debit Salaries ₦50,000, Debit Rent Received ₦20,000, Credit Office Supplies ₦10,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦10,000, Debit Salaries ₦50,000, Credit Rent Received ₦20,000

About This Question

This is Post Utme Bowen University 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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