Post Utme Eksu 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_EKSU • 2019 • ACCOUNTING • objective
Post Utme Eksu 2019 Accounting Question 3 diagram

A company uses the perpetual inventory system and has the following transactions during the month of January:

Answer Options

Correct Answer A. Debit Purchases ₦10,000, Credit Inventory ₦10,000.
B. Debit Inventory ₦10,000, Credit Purchases ₦10,000.
C. Debit Purchases ₦20,000, Credit Inventory ₦20,000.
D. Debit Inventory ₦20,000, Credit Purchases ₦20,000.
Correct Answer
A
Correct Option:
Debit Purchases ₦10,000, Credit Inventory ₦10,000.

About This Question

This is Post Utme Eksu 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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