Post Utme Esut 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded during the year: Debit: Cash ¡ 10,000, Office Equipment ¡ 5,000, Salaries ¡ 20,000 Credit: Capital ¡ 30,000, Sales ¡ 40,000 What is the correct journal entry for the transaction?

Answer Options

A. Debit: Cash ¡ 10,000, Office Equipment ¡ 5,000, Salaries ¡ 20,000 Credit: Capital ¡ 30,000, Sales ¡ 40,000
B. Debit: Cash ¡ 10,000, Office Equipment ¡ 5,000, Salaries ¡ 20,000 Credit: Capital ¡ 40,000, Sales ¡ 30,000
Correct Answer C. Debit: Cash ¡ 10,000, Office Equipment ¡ 5,000, Salaries ¡ 20,000 Credit: Capital ¡ 30,000, Sales ¡ 40,000
D. Debit: Cash ¡ 10,000, Office Equipment ¡ 5,000, Salaries ¡ 20,000 Credit: Capital ¡ 40,000, Sales ¡ 30,000
Correct Answer
C
Correct Option:
Debit: Cash ¡ 10,000, Office Equipment ¡ 5,000, Salaries ¡ 20,000 Credit: Capital ¡ 30,000, Sales ¡ 40,000

About This Question

This is Post Utme Esut 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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