Post Utme Madonna University 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_MADONNA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance showed the following balances: Machinery £ 10,000, Accrued Expenses £ 5,000, and Drawings £ 8,000. Prepare the ledger accounts for Machinery and Accrued Expenses.

Answer Options

Correct Answer A. Machinery: Debit £ 10,000, Credit £ 5,000; Accrued Expenses: Debit £ 5,000, Credit £ 8,000
B. Machinery: Debit £ 10,000, Credit £ 8,000; Accrued Expenses: Debit £ 5,000, Credit £ 10,000
C. Machinery: Debit £ 10,000, Credit £ 10,000; Accrued Expenses: Debit £ 5,000, Credit £ 5,000
D. Machinery: Debit £ 8,000, Credit £ 10,000; Accrued Expenses: Debit £ 5,000, Credit £ 5,000
Correct Answer
A
Correct Option:
Machinery: Debit £ 10,000, Credit £ 5,000; Accrued Expenses: Debit £ 5,000, Credit £ 8,000

About This Question

This is Post Utme Madonna University 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.

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