Post Utme Redeemers University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦20,000, Purchased equipment for ₦100,000, and Sold goods for ₦500,000. Prepare a journal entry to record the transactions.

Answer Options

A. Debit Office Supplies ₦20,000, Credit Cash ₦20,000
B. Debit Equipment ₦100,000, Credit Cash ₦100,000
C. Debit Sales Revenue ₦500,000, Credit Cash ₦500,000
Correct Answer D. Debit Office Supplies ₦20,000, Debit Equipment ₦100,000, Credit Cash ₦120,000
Correct Answer
D
Correct Option:
Debit Office Supplies ₦20,000, Debit Equipment ₦100,000, Credit Cash ₦120,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

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