Post Utme Futo 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice

Question 12 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company purchases office supplies for ₦10,000. Prepare the journal entry to record this transaction.

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

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

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

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

Correct Answer

Correct Option:

Debit Office Supplies, Credit Cash ₦10,000

This is Post Utme Futo 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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