Post Utme Covenant University 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦15,000, paid salaries of ₦30,000, and received revenue of ₦60,000. Prepare a journal entry for the purchase of office supplies.

Answer Options

Correct Answer A. Debit Office Supplies ₦15,000, Credit Cash ₦15,000
B. Debit Office Supplies ₦15,000, Credit Accounts Payable ₦15,000
C. Debit Cash ₦15,000, Credit Office Supplies ₦15,000
D. Debit Office Supplies ₦15,000, Credit Salaries Expense ₦15,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦15,000, Credit Cash ₦15,000

About This Question

This is Post Utme Covenant University 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

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