Post Utme Joseph Ayo Babalola University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company purchases office supplies for ₦20,000 and pays cash for the purchase. What is the journal entry for this transaction?

Answer Options

Correct Answer A. Debit Office Supplies ₦20,000, Credit Cash ₦20,000
B. Debit Cash ₦20,000, Credit Office Supplies ₦20,000
C. Debit Office Supplies ₦20,000, Credit Office Expenses ₦20,000
D. Debit Office Expenses ₦20,000, Credit Office Supplies ₦20,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦20,000, Credit Cash ₦20,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

View More Post Utme Joseph Ayo Babalola University 2025 Accounting Questions More Post Utme Joseph Ayo Babalola University Practice Questions Back to Questions

Master the Exam!

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