Post Utme Futo 2021 Accounting Question 27
Practice objective / multiple choice question 27 from the 2021 Post Utme Futo Accounting examination.
A company's trial balance as at 31st December 2020 is as follows: Debit ₦1,000,000 - Cash ₦500,000 - Accounts Payable ₦200,000 - Office Equipment ₦300,000 - Notes Payable Credit ₦1,500,000 - Sales ₦800,000 - Cost of Goods Sold ₦400,000 - Salaries ₦200,000 - Rent What is the correct journal entry to record the depreciation of office equipment for the year?
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About This Question
This is Post Utme Futo 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.
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