Post Utme Noun 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Noun Accounting examination.

Post Utme Noun 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NOUN • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The journal entry for the purchase of a machine for ₦50,000 cash is:

Answer Options

Correct Answer A. Debit Machine ₦50,000, Credit Cash ₦50,000
B. Debit Machine ₦50,000, Credit Bank ₦50,000
C. Debit Bank ₦50,000, Credit Machine ₦50,000
D. Debit Machine ₦50,000, Credit Capital ₦50,000
Correct Answer
A
Correct Option:
Debit Machine ₦50,000, Credit Cash ₦50,000

About This Question

This is Post Utme Noun 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.

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