Post Utme Uniben 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 1 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦25,000 in the 'Office Supplies' account. Prepare the necessary journal entry to close the account.

Answer Options

Correct Answer A. ₦25,000 debit to 'Office Supplies' and ₦25,000 credit to 'Office Supplies Expense'
B. ₦25,000 debit to 'Office Supplies Expense' and ₦25,000 credit to 'Office Supplies'
C. ₦25,000 debit to 'Office Supplies' and ₦25,000 credit to 'Office Supplies Expense'
D. ₦25,000 debit to 'Office Supplies Expense' and ₦25,000 credit to 'Office Supplies'
Correct Answer
A
Correct Option:
₦25,000 debit to 'Office Supplies' and ₦25,000 credit to 'Office Supplies Expense'

About This Question

This is Post Utme Uniben 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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