Post Utme Summit University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Summit University Accounting examination.

Post Utme Summit University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ACCOUNTING • objective

A public sector organization has the following transactions for the month of January: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Cash | ₦10,000 | | | 2-Jan | Office Equipment | | ₦8,000 | | 3-Jan | Rent Received | | ₦12,000 | | 4-Jan | Salaries | ₦20,000 | | | 5-Jan | Office Supplies | ₦5,000 | | Prepare the journal entries for the above transactions.

Answer Options

Correct Answer A. Debit Cash ₦10,000, Credit Office Equipment ₦8,000, Credit Rent Received ₦12,000, Debit Salaries ₦20,000, Debit Office Supplies ₦5,000
B. Debit Cash ₦10,000, Credit Office Equipment ₦8,000, Debit Rent Received ₦12,000, Debit Salaries ₦20,000, Debit Office Supplies ₦5,000
C. Debit Office Equipment ₦8,000, Credit Rent Received ₦12,000, Debit Salaries ₦20,000, Debit Office Supplies ₦5,000
D. Debit Cash ₦10,000, Credit Office Equipment ₦8,000, Debit Rent Received ₦12,000, Credit Salaries ₦20,000, Credit Office Supplies ₦5,000
Correct Answer
A
Correct Option:
Debit Cash ₦10,000, Credit Office Equipment ₦8,000, Credit Rent Received ₦12,000, Debit Salaries ₦20,000, Debit Office Supplies ₦5,000

About This Question

This is Post Utme Summit University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.

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