Post Utme Esut 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice

Question 33 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. If the company purchases office supplies for ₦10,000 and pays cash, what is the journal entry to record this transaction?

Correct Answer A. Debit: Office Supplies ₦10,000, Credit: Cash ₦10,000

B. Debit: Cash ₦10,000, Credit: Office Supplies ₦10,000

C. Debit: Office Supplies ₦10,000, Credit: Bank ₦10,000

D. Debit: Bank ₦10,000, Credit: Office Supplies ₦10,000

Correct Answer

Correct Option:

Debit: Office Supplies ₦10,000, Credit: Cash ₦10,000

This is Post Utme Esut 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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