Post Utme Futa 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice

Question 4 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A government agency has the following transactions: Purchase of office supplies 5,000, Payment of salaries 10,000. What is the correct journal entry to record these transactions?

Correct Answer A. Debit Office Supplies 5,000, Credit Salaries Expense 10,000

B. Debit Salaries Expense 10,000, Credit Office Supplies 5,000

C. Debit Cash 15,000, Credit Office Supplies 5,000 and Salaries Expense 10,000

D. Debit Office Supplies 5,000, Credit Cash 10,000

Correct Answer

Correct Option:

Debit Office Supplies 5,000, Credit Salaries Expense 10,000

This is Post Utme Futa 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support