Post Utme Noun 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Noun Accounting examination.

Post Utme Noun 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. It records the following transactions: Purchased office supplies for ₦5,000 and received cash of ₦10,000 from a customer. What is the correct journal entry for these transactions?

Answer Options

A. ₦5,000 debit to Office Supplies and ₦5,000 credit to Cash
B. ₦5,000 debit to Cash and ₦5,000 credit to Office Supplies
C. ₦10,000 debit to Cash and ₦10,000 credit to Sales
Correct Answer D. ₦5,000 debit to Office Supplies and ₦10,000 credit to Cash
Correct Answer
D
Correct Option:
₦5,000 debit to Office Supplies and ₦10,000 credit to Cash

About This Question

This is Post Utme Noun 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Noun Accounting examination.

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