Post Utme Ksu 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice

Question 40 POST_UTME_KSU • 2023 • ACCOUNTING • objective

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

Correct Answer A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000

B. Debit Sales ₦50,000, Credit Cash ₦50,000

C. Debit Office Supplies ₦10,000, Credit Raw Materials ₦10,000

D. Debit Sales ₦50,000, Credit Office Supplies ₦50,000

Correct Answer

Correct Option:

Debit Office Supplies ₦10,000, Credit Cash ₦10,000

This is Post Utme Ksu 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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