Post Utme Coal City University 2024 Accounting Question 19

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

Post Utme Coal City University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows a debit balance of ₦10,000 in the 'Office Equipment' account. However, the company's accountant has forgotten to record a purchase of office equipment worth ₦5,000. What is the correct adjustment to be made to the ledger?

Answer Options

Correct Answer A. ₦5,000 debit to 'Office Equipment' and ₦5,000 credit to 'Cash'
B. ₦5,000 credit to 'Office Equipment' and ₦5,000 debit to 'Cash'
C. ₦5,000 debit to 'Office Equipment' and ₦5,000 credit to 'Office Expenses'
D. ₦5,000 credit to 'Office Equipment' and ₦5,000 debit to 'Office Expenses'
Correct Answer
A
Correct Option:
₦5,000 debit to 'Office Equipment' and ₦5,000 credit to 'Cash'

About This Question

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

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