Post Utme Noun 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice

Question 15 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company has the following transactions: Sold goods for ₦50,000, and purchased office supplies for ₦10,000. Prepare the journal entry for these transactions.

Correct Answer A. Debit Office Supplies ₦10,000, Credit Sales ₦50,000

B. Debit Sales ₦50,000, Credit Office Supplies ₦10,000

C. Debit Office Supplies ₦50,000, Credit Sales ₦10,000

D. Debit Sales ₦10,000, Credit Office Supplies ₦50,000

Correct Answer

Correct Option:

Debit Office Supplies ₦10,000, Credit Sales ₦50,000

This is Post Utme Noun 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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