Post Utme Joseph Ayo Babalola University 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the departmental account to record transactions. If the company purchases office supplies for ₦12,000, what is the effect on the departmental account?

Answer Options

Correct Answer A. ₦12,000 is debited to Office Supplies and ₦12,000 is credited to Administration.
B. ₦12,000 is debited to Administration and ₦12,000 is credited to Office Supplies.
C. ₦12,000 is debited to Office Supplies and ₦12,000 is credited to Sales.
D. ₦12,000 is debited to Sales and ₦12,000 is credited to Office Supplies.
Correct Answer
A
Correct Option:
₦12,000 is debited to Office Supplies and ₦12,000 is credited to Administration.

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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