Post Utme Madonna University 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company purchases office supplies for ₦10,000 and pays cash for the purchase, what is the journal entry?

Answer Options

A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000
Correct Answer B. Debit Cash ₦10,000, Credit Office Supplies ₦10,000
C. Debit Office Supplies ₦10,000, Credit Accounts Payable ₦10,000
D. Debit Accounts Payable ₦10,000, Credit Office Supplies ₦10,000
Correct Answer
B
Correct Option:
Debit Cash ₦10,000, Credit Office Supplies ₦10,000

About This Question

This is Post Utme Madonna University 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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