Post Utme Lead City University 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the control account system. 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 control account 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 15. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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