Post Utme Ksu 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000; Sold goods for ₦50,000; Purchased raw materials for ₦20,000. Prepare the journal entries for these transactions.

Answer Options

Correct Answer A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000
B. Debit Raw Materials ₦20,000, Credit Cash ₦20,000
C. Debit Sales ₦50,000, Credit Cash ₦50,000
D. Debit Office Supplies ₦10,000, Credit Raw Materials ₦10,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦10,000, Credit Cash ₦10,000

About This Question

This is Post Utme Ksu 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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