Post Utme Lautech 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company's trial balance shows a debit balance of ₦15,000 in the account 'Office Equipment' and a credit balance of ₦20,000 in the account 'Depreciation Expense'. What is the correct journal entry to record the depreciation of the office equipment?

Answer Options

A. ₦15,000
B. ₦20,000
Correct Answer C. ₦35,000
D. ₦5,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Lautech 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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