Post Utme Noun 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice

Question 23 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company purchases office supplies for ₦10,000 and pays cash for the purchase, what is the journal entry to record the transaction?

A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000

Correct Answer B. Debit Cash ₦10,000, Credit Office Supplies ₦10,000

C. Debit Office Supplies ₦10,000, Credit Accounts Payable ₦10,000

D. Debit Accounts Payable ₦10,000, Credit Office Supplies ₦10,000

Correct Answer

Correct Option:

Debit Cash ₦10,000, Credit Office Supplies ₦10,000

This is Post Utme Noun 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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