Post Utme Pan Atlantic University 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦15,000, paid salaries of ₦30,000, and received cash of ₦20,000 from customers. Prepare the journal entries for these transactions.

Answer Options

Correct Answer A. Debit Office Supplies ₦15,000, Credit Cash ₦15,000
B. Debit Salaries ₦30,000, Credit Cash ₦30,000
C. Debit Cash ₦20,000, Credit Accounts Receivable ₦20,000
D. Debit Office Supplies ₦15,000, Credit Salaries ₦15,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦15,000, Credit Cash ₦15,000

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

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