Post Utme Rsu 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_RSU • 2018 • ACCOUNTING • objective

A company has the following journal entry: Debit: Office Supplies, ₦10,000; Credit: Accounts Payable, ₦10,000. What is the effect of this journal entry on the accounting equation?

Answer Options

Correct Answer A. Increases Assets and Decreases Liabilities
B. Increases Assets and Increases Liabilities
C. Decreases Assets and Decreases Liabilities
D. Decreases Assets and Increases Liabilities
Correct Answer
A
Correct Option:
Increases Assets and Decreases Liabilities

About This Question

This is Post Utme Rsu 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

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