Post Utme Lasu 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company has the following single entry: Purchased raw materials for ₦50,000. What is the journal entry for this transaction?

Answer Options

A. Raw Materials A/c Dr. ₦50,000
B. Raw Materials A/c Dr. ₦50,000; Cash A/c Dr. ₦50,000
Correct Answer C. Raw Materials A/c Dr. ₦50,000; Purchases A/c Dr. ₦50,000
D. Raw Materials A/c Dr. ₦50,000; Purchases A/c Dr. ₦50,000; Cash A/c Dr. ₦50,000
Correct Answer
C
Correct Option:
Raw Materials A/c Dr. ₦50,000; Purchases A/c Dr. ₦50,000

About This Question

This is Post Utme Lasu 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

View More Post Utme Lasu 2021 Accounting Questions More Post Utme Lasu 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