Post Utme Bsu 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice

Question 27 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The journal entry for a purchase of office equipment is:

Correct Answer A. Debit Office Equipment 1,000, Credit Cash 1,000

B. Debit Office Equipment 1,000, Credit Accounts Payable 1,000

C. Debit Office Equipment 1,000, Credit Accounts Receivable 1,000

D. Debit Office Equipment 1,000, Credit Sales Revenue 1,000

Correct Answer

Correct Option:

Debit Office Equipment 1,000, Credit Cash 1,000

This is Post Utme Bsu 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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