Post Utme Uniben 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A company has the following transactions for the month of January: Jan 1: Cash ₦10,000 Jan 5: Sales ₦20,000 Jan 10: Purchases ₦15,000 Jan 15: Cash ₦5,000 Jan 20: Sales ₦30,000 Jan 25: Purchases ₦20,000 Jan 31: Cash ₦10,000 Prepare the company's journal entries for the month.

Answer Options

Correct Answer A. Jan 1: Cash ₦10,000 Jan 5: Sales ₦20,000 Jan 10: Purchases ₦15,000 Jan 15: Cash ₦5,000 Jan 20: Sales ₦30,000 Jan 25: Purchases ₦20,000 Jan 31: Cash ₦10,000
B. Jan 1: Cash ₦10,000 Jan 5: Sales ₦20,000 Jan 10: Purchases ₦15,000 Jan 15: Cash ₦5,000 Jan 20: Sales ₦30,000 Jan 25: Purchases ₦20,000 Jan 31: Cash ₦10,000
C. Jan 1: Cash ₦10,000 Jan 5: Sales ₦20,000 Jan 10: Purchases ₦15,000 Jan 15: Cash ₦5,000 Jan 20: Sales ₦30,000 Jan 25: Purchases ₦20,000 Jan 31: Cash ₦10,000
D. Jan 1: Cash ₦10,000 Jan 5: Sales ₦20,000 Jan 10: Purchases ₦15,000 Jan 15: Cash ₦5,000 Jan 20: Sales ₦30,000 Jan 25: Purchases ₦20,000 Jan 31: Cash ₦10,000
Correct Answer
A
Correct Option:
Jan 1: Cash ₦10,000 Jan 5: Sales ₦20,000 Jan 10: Purchases ₦15,000 Jan 15: Cash ₦5,000 Jan 20: Sales ₦30,000 Jan 25: Purchases ₦20,000 Jan 31: Cash ₦10,000

About This Question

This is Post Utme Uniben 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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