Post Utme Lead City University 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the month of January: Purchased office supplies for ₦10,000, sold goods for ₦50,000, and paid salaries of ₦20,000. Prepare the ledger accounts for these transactions.

Answer Options

Correct Answer A. Office Supplies ₦10,000, Sales ₦50,000, Salaries ₦20,000
B. Office Supplies ₦10,000, Sales ₦50,000, Salaries ₦20,000
C. Office Supplies ₦10,000, Sales ₦50,000, Salaries ₦20,000
D. Office Supplies ₦10,000, Sales ₦50,000, Salaries ₦20,000
Correct Answer
A
Correct Option:
Office Supplies ₦10,000, Sales ₦50,000, Salaries ₦20,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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