Post Utme Mountain Top University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦50,000, paid salaries ₦30,000, and received cash from customers ₦20,000. Prepare the cash book for these transactions.

Answer Options

Correct Answer A. Debit Office Equipment ₦50,000, Credit Cash ₦50,000
B. Debit Salaries ₦30,000, Credit Cash ₦30,000
C. Debit Cash ₦20,000, Credit Customers ₦20,000
D. Debit Office Equipment ₦50,000, Credit Salaries ₦30,000
Correct Answer
A
Correct Option:
Debit Office Equipment ₦50,000, Credit Cash ₦50,000

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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