Post Utme Esut 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company uses the single-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?

Answer Options

A. Cash ₦10,000
B. Office Supplies ₦10,000
Correct Answer C. Debit: Office Supplies ₦10,000, Credit: Cash ₦10,000
D. Debit: Cash ₦10,000, Credit: Office Supplies ₦10,000
Correct Answer
C
Correct Option:
Debit: Office Supplies ₦10,000, Credit: Cash ₦10,000

About This Question

This is Post Utme Esut 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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