Post Utme Ui 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2024 is as follows: Debit ₦ 1,000,000 Credit ₦ 1,200,000 Prepare the ledger accounts for the following accounts: Purchases, Sales, and Wages.

Answer Options

Correct Answer A. Purchases: Debit ₦ 1,000,000, Credit ₦ 1,200,000 Sales: Debit ₦ 1,200,000, Credit ₦ 1,000,000 Wages: Debit ₦ 1,000,000, Credit ₦ 1,200,000
B. Purchases: Debit ₦ 1,200,000, Credit ₦ 1,000,000 Sales: Debit ₦ 1,000,000, Credit ₦ 1,200,000 Wages: Debit ₦ 1,200,000, Credit ₦ 1,000,000
C. Purchases: Debit ₦ 1,000,000, Credit ₦ 1,000,000 Sales: Debit ₦ 1,200,000, Credit ₦ 1,200,000 Wages: Debit ₦ 1,200,000, Credit ₦ 1,200,000
D. Purchases: Debit ₦ 1,200,000, Credit ₦ 1,200,000 Sales: Debit ₦ 1,000,000, Credit ₦ 1,000,000 Wages: Debit ₦ 1,000,000, Credit ₦ 1,000,000
Correct Answer
A
Correct Option:
Purchases: Debit ₦ 1,000,000, Credit ₦ 1,200,000 Sales: Debit ₦ 1,200,000, Credit ₦ 1,000,000 Wages: Debit ₦ 1,000,000, Credit ₦ 1,200,000

About This Question

This is Post Utme Ui 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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