Post Utme Uniport 2024 Accounting Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, and sold goods for ₦50,000. Prepare the journal entries for these transactions.

Answer Options

Correct Answer A. Debit Office Supplies ₦10,000, Credit Purchases ₦10,000
B. Debit Sales ₦50,000, Credit Office Supplies ₦10,000
C. Debit Purchases ₦10,000, Credit Office Supplies ₦10,000
D. Debit Office Supplies ₦10,000, Credit Sales ₦50,000
Correct Answer
A
Correct Option:
Debit Office Supplies ₦10,000, Credit Purchases ₦10,000

About This Question

This is Post Utme Uniport 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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