Post Utme Uniben 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Uniben Accounting examination.

Post Utme Uniben 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2017 • ACCOUNTING • objective

A company has the following transactions: (1) Purchased office supplies for ₦5,000; (2) Sold office supplies for ₦3,000; (3) Purchased office equipment for ₦10,000. What is the net effect of these transactions on the company's office supplies account?

Answer Options

Correct Answer A. ₦2,000 credit
B. ₦2,000 debit
C. ₦5,000 credit
D. ₦5,000 debit
Correct Answer
A
Correct Option:
₦2,000 credit

About This Question

This is Post Utme Uniben 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Uniben 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