Post Utme Noun 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Noun Accounting examination.

Post Utme Noun 2025 Accounting Objective / Multiple Choice
Question 18 POST_UTME_NOUN • 2025 • ACCOUNTING • objective

A company uses the single-entry system to record its transactions. The company's ledger shows a debit balance of ₦50,000 in the account 'Office Supplies' and a credit balance of ₦20,000 in the account 'Office Equipment'. What is the correct journal entry to record the transfer of ₦30,000 from 'Office Supplies' to 'Office Equipment'?

Answer Options

Correct Answer A. Debit Office Supplies ₦30,000, Credit Office Equipment ₦30,000
B. Debit Office Equipment ₦30,000, Credit Office Supplies ₦30,000
C. Debit Office Supplies ₦30,000, Credit Office Equipment ₦20,000
D. Debit Office Equipment ₦30,000, Credit Office Supplies ₦20,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦30,000, Credit Office Equipment ₦30,000

About This Question

This is Post Utme Noun 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.

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