Post Utme Delsu 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Delsu Accounting examination.

Post Utme Delsu 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_DELSU • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded in the journal: Debit: Raw Materials ₦ 10,000, Work-in-Progress ₦ 20,000, Credit: Purchases ₦ 30,000.

Answer Options

Correct Answer A. Raw Materials ₦ 10,000, Work-in-Progress ₦ 20,000, Purchases ₦ 30,000
B. Raw Materials ₦ 10,000, Work-in-Progress ₦ 20,000, Purchases ₦ 20,000
C. Raw Materials ₦ 20,000, Work-in-Progress ₦ 10,000, Purchases ₦ 30,000
D. Raw Materials ₦ 10,000, Work-in-Progress ₦ 10,000, Purchases ₦ 30,000
Correct Answer
A
Correct Option:
Raw Materials ₦ 10,000, Work-in-Progress ₦ 20,000, Purchases ₦ 30,000

About This Question

This is Post Utme Delsu 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Delsu Accounting examination.

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