Post Utme Rsu 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Rsu Accounting examination.

Post Utme Rsu 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_RSU • 2021 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions were recorded: Purchased office supplies for ₦15,000 cash, paid ₦8,000 to a supplier, and received ₦12,000 from a customer. Prepare the journal entries and ledger accounts.

Answer Options

A. ₦7,000
B. ₦10,000
Correct Answer C. ₦12,000
D. ₦15,000
Correct Answer
C
Correct Option:
₦12,000

About This Question

This is Post Utme Rsu 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Rsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support