Post Utme Oau 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A public sector organization has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Salaries | ₦100,000 | | | 2 Jan | Rent | | ₦50,000 | | 3 Jan | Utilities | ₦20,000 | | | 4 Jan | Miscellaneous | | ₦30,000 | What is the correct journal entry for the above transactions?

Answer Options

Correct Answer A. Debit Salaries ₦100,000, Debit Utilities ₦20,000, Credit Rent ₦50,000, Credit Miscellaneous ₦30,000
B. Debit Salaries ₦100,000, Credit Rent ₦50,000, Debit Utilities ₦20,000, Credit Miscellaneous ₦30,000
C. Debit Salaries ₦100,000, Debit Utilities ₦20,000, Credit Rent ₦50,000, Credit Miscellaneous ₦30,000
D. Debit Salaries ₦100,000, Credit Miscellaneous ₦30,000, Debit Utilities ₦20,000, Credit Rent ₦50,000
Correct Answer
A
Correct Option:
Debit Salaries ₦100,000, Debit Utilities ₦20,000, Credit Rent ₦50,000, Credit Miscellaneous ₦30,000

About This Question

This is Post Utme Oau 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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