Post Utme Covenant University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦20,000, paid salaries of ₦40,000, and received revenue of ₦80,000. Prepare a ledger account for office supplies.

Answer Options

Correct Answer A. Office Supplies Ledger: ₦20,000
B. Salaries Ledger: ₦40,000
C. Revenue Ledger: ₦80,000
D. Expenses Ledger: ₦60,000
Correct Answer
A
Correct Option:
Office Supplies Ledger: ₦20,000

About This Question

This is Post Utme Covenant University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

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