Post Utme Rhema University 2017 Accounting Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 22 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's trial balance shows a debit balance of ₦150,000 in the account 'Office Equipment'. Prepare a journal entry to record the depreciation of the office equipment.

Answer Options

Correct Answer A. Debit Office Equipment ₦150,000, Credit Depreciation Expense ₦150,000
B. Debit Office Equipment ₦150,000, Credit Accumulated Depreciation ₦150,000
C. Debit Accumulated Depreciation ₦150,000, Credit Office Equipment ₦150,000
D. Debit Depreciation Expense ₦150,000, Credit Office Equipment ₦150,000
Correct Answer
A
Correct Option:
Debit Office Equipment ₦150,000, Credit Depreciation Expense ₦150,000

About This Question

This is Post Utme Rhema University 2017 Accounting Question 22. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

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