Post Utme Eksu 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company has the following ledger balances: Debit: Raw Materials ₦ 100,000, Work-in-Progress ₦ 80,000, and Factory Overheads ₦ 60,000. Credit: Purchases ₦ 100,000, Direct Labour ₦ 80,000, and Factory Overheads ₦ 60,000. What is the correct ledger account to be debited?

Answer Options

Correct Answer A. Raw Materials
B. Work-in-Progress
C. Factory Overheads
D. Purchases
Correct Answer
A
Correct Option:
Raw Materials

About This Question

This is Post Utme Eksu 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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