Post Utme Bowen University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company purchases office supplies for ₦10,000 and pays salaries of ₦50,000. 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 Cash ₦60,000
B. Debit Office Supplies ₦10,000, Credit Salaries ₦50,000, Debit Cash ₦60,000
C. Debit Office Supplies ₦10,000, Credit Salaries ₦50,000, Credit Cash ₦60,000
D. Debit Salaries ₦50,000, Debit Cash ₦60,000, Credit Office Supplies ₦10,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦10,000, Debit Salaries ₦50,000, Credit Cash ₦60,000

About This Question

This is Post Utme Bowen University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

View More Post Utme Bowen University 2024 Accounting Questions More Post Utme Bowen University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support