Post Utme Noun 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company has the following transactions: Purchased a machine for ₦100,000, and paid salaries of ₦20,000. Prepare the journal entry for these transactions.

Answer Options

Correct Answer A. Debit Machine ₦100,000, Credit Salaries ₦20,000
B. Debit Salaries ₦20,000, Credit Machine ₦100,000
C. Debit Machine ₦20,000, Credit Salaries ₦100,000
D. Debit Salaries ₦100,000, Credit Machine ₦20,000
Correct Answer
A
Correct Option:
Debit Machine ₦100,000, Credit Salaries ₦20,000

About This Question

This is Post Utme Noun 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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