Post Utme Ksu 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_KSU • 2022 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Office Supplies' account. However, the company's accounting records indicate that the office supplies on hand are worth ₦20,000. What is the correct journal entry to record the adjustment?

Answer Options

A. Debit Office Supplies ₦5,000, Credit Office Supplies Expense ₦5,000
B. Debit Office Supplies ₦10,000, Credit Office Supplies Expense ₦10,000
C. Debit Office Supplies ₦15,000, Credit Office Supplies Expense ₦15,000
Correct Answer D. Debit Office Supplies ₦20,000, Credit Office Supplies Expense ₦20,000
Correct Answer
D
Correct Option:
Debit Office Supplies ₦20,000, Credit Office Supplies Expense ₦20,000

About This Question

This is Post Utme Ksu 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Ksu Accounting examination.

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