Post Utme Crawford University 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦100,000; sold goods for ₦150,000; purchased office equipment for ₦20,000; and paid rent of ₦10,000. Prepare a journal entry for the payment of rent.

Answer Options

Correct Answer A. Debit Rent Expense ₦10,000, Credit Cash ₦10,000
B. Debit Rent Expense ₦10,000, Credit Office Expenses ₦10,000
C. Debit Rent Expense ₦10,000, Credit Accounts Payable ₦10,000
D. Debit Rent Expense ₦10,000, Credit Office Supplies ₦10,000
Correct Answer
A
Correct Option:
Debit Rent Expense ₦10,000, Credit Cash ₦10,000

About This Question

This is Post Utme Crawford University 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Crawford University Accounting examination.

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