Post Utme Noun 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. It records the following transactions: Purchased office supplies for ₦10,000, and paid salaries of ₦15,000. What is the correct journal entry for these transactions?

Answer Options

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

About This Question

This is Post Utme Noun 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

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