Post Utme Noun 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Noun Accounting examination.

Post Utme Noun 2025 Accounting Objective / Multiple Choice

Question 9 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 on credit is:

A. Debit Machine ₦50,000, Credit Cash ₦50,000

Correct Answer 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

Correct Option:

Debit Machine ₦50,000, Credit Bank ₦50,000

This is Post Utme Noun 2025 Accounting Question 9. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.

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