Post Utme Eksu 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded in the journal: Debit: Raw Materials ₦ 50,000, Work-in-Progress ₦ 30,000, and Factory Overheads ₦ 20,000. Credit: Purchases ₦ 50,000, Direct Labour ₦ 30,000, and Factory Overheads ₦ 20,000. What is the correct ledger account to be credited?

Answer Options

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

About This Question

This is Post Utme Eksu 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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