Post Utme Oau 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_OAU • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company's trial balance shows a debit balance of ₦10,000 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 ₦10,000 from 'Office Supplies' to 'Office Equipment'?

Answer Options

Correct Answer A. Debit Office Supplies ₦10,000, Credit Office Equipment ₦10,000
B. Debit Office Supplies ₦20,000, Credit Office Equipment ₦10,000
C. Debit Office Supplies ₦10,000, Credit Office Equipment ₦20,000
D. Debit Office Supplies ₦10,000, Credit Office Equipment ₦30,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦10,000, Credit Office Equipment ₦10,000

About This Question

This is Post Utme Oau 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

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