Post Utme Rsu 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Rsu Accounting examination.

Post Utme Rsu 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2024 • ACCOUNTING • objective

A public sector organization has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash received from government | ₦100,000 | | | 2nd Jan | Salaries paid | | ₦50,000 | | 3rd Jan | Rent paid | | ₦20,000 | What is the correct journal entry for the above transactions?

Answer Options

Correct Answer A. Debit Cash ₦100,000, Credit Salaries ₦50,000, Credit Rent ₦20,000
B. Debit Salaries ₦50,000, Credit Cash ₦100,000, Debit Rent ₦20,000
C. Debit Rent ₦20,000, Credit Salaries ₦50,000, Debit Cash ₦100,000
D. Debit Cash ₦100,000, Credit Rent ₦20,000, Debit Salaries ₦50,000
Correct Answer
A
Correct Option:
Debit Cash ₦100,000, Credit Salaries ₦50,000, Credit Rent ₦20,000

About This Question

This is Post Utme Rsu 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Rsu Accounting examination.

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