Post Utme Nile University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦15,000; Purchased a new computer for ₦80,000; Sold office supplies for ₦5,000. Prepare the journal entries for these transactions.

Answer Options

A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000
B. Debit Office Supplies ₦20,000, Credit Cash ₦20,000
Correct Answer C. Debit Office Supplies ₦15,000, Credit Cash ₦15,000
D. Debit Office Supplies ₦20,000, Credit Cash ₦15,000
Correct Answer
C
Correct Option:
Debit Office Supplies ₦15,000, Credit Cash ₦15,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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