Post Utme Oau 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_OAU • 2018 • ACCOUNTING • objective

A company uses the single-entry system of accounting. If the company's cash account shows a balance of ₦100,000 and the company purchases office supplies worth ₦20,000, what is the correct journal entry?

Answer Options

A. Debit Office Supplies ₦20,000, Credit Cash ₦20,000
B. Debit Office Supplies ₦20,000, Credit Accounts Payable ₦20,000
Correct Answer C. Debit Cash ₦20,000, Credit Office Supplies ₦20,000
D. Debit Office Supplies ₦20,000, Credit Accounts Receivable ₦20,000
Correct Answer
C
Correct Option:
Debit Cash ₦20,000, Credit Office Supplies ₦20,000

About This Question

This is Post Utme Oau 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

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