Post Utme Elizade University 2022 Accounting Question 42

Practice objective / multiple choice question 42 from the 2022 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2022 Accounting Objective / Multiple Choice
Question 42 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for 1,000, Purchased equipment for 10,000, and Paid salaries of 5,000. Prepare the accounting equation to record these transactions.

Answer Options

A. Assets 16,000, Liabilities 0, Equity 16,000
Correct Answer B. Assets 16,000, Liabilities 0, Equity 16,000
C. Assets 16,000, Liabilities 0, Equity 16,000
D. Assets 16,000, Liabilities 0, Equity 16,000
Correct Answer
B
Correct Option:
Assets 16,000, Liabilities 0, Equity 16,000

About This Question

This is Post Utme Elizade University 2022 Accounting Question 42. It is one of the objective questions from the 2022 Post Utme Elizade University Accounting examination.

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