Post Utme Uniben 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials for ₦0,000, Sold goods for ₦1,000, and Paid salaries of ₦0,500. Prepare a journal entry for the transactions.

Answer Options

Correct Answer A. Debit Raw Materials ₦0,000, Credit Cash ₦0,000
B. Debit Cash ₦0,000, Credit Raw Materials ₦0,000
C. Debit Sales ₦1,000, Credit Cash ₦1,000
D. Debit Cash ₦0,500, Credit Salaries ₦0,500
Correct Answer
A
Correct Option:
Debit Raw Materials ₦0,000, Credit Cash ₦0,000

About This Question

This is Post Utme Uniben 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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