Post Utme Elizade University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ACCOUNTING • objective

A government agency has the following transactions: Purchase of office equipment for ₦50,000, payment of salaries ₦200,000, and receipt of revenue ₦150,000. Prepare the journal entry for the above transactions.

Answer Options

Correct Answer A. Debit Office Equipment ₦50,000, Credit Cash ₦50,000
B. Debit Salaries ₦200,000, Credit Cash ₦200,000
C. Debit Revenue ₦150,000, Credit Cash ₦150,000
D. Debit Office Equipment ₦50,000, Credit Salaries ₦50,000
Correct Answer
A
Correct Option:
Debit Office Equipment ₦50,000, Credit Cash ₦50,000

About This Question

This is Post Utme Elizade University 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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