Post Utme Uniosun 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A public sector organization has the following transactions: Purchase of goods for ₦100,000, Payment of salaries ₦150,000, Receipt of taxes ₦200,000. What is the correct journal entry?

Answer Options

A. Debit Purchases ₦100,000, Credit Cash ₦100,000
B. Debit Salaries ₦150,000, Credit Cash ₦150,000
C. Debit Taxes ₦200,000, Credit Cash ₦200,000
Correct Answer D. Debit Purchases ₦100,000, Debit Salaries ₦150,000, Debit Taxes ₦200,000, Credit Cash ₦450,000
Correct Answer
D
Correct Option:
Debit Purchases ₦100,000, Debit Salaries ₦150,000, Debit Taxes ₦200,000, Credit Cash ₦450,000

About This Question

This is Post Utme Uniosun 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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