Post Utme Uniport 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

In a double-entry system, a company purchases office equipment for ₦120,000 cash. Prepare the journal entry, assuming the equipment is recorded as an asset.

Answer Options

Correct Answer A. Debit Office Equipment ₦120,000, Credit Cash ₦120,000
B. Debit Office Equipment ₦120,000, Credit Bank ₦120,000
C. Debit Office Equipment ₦120,000, Credit Cash ₦100,000
D. Debit Office Equipment ₦100,000, Credit Cash ₦120,000
Correct Answer
A
Correct Option:
Debit Office Equipment ₦120,000, Credit Cash ₦120,000

About This Question

This is Post Utme Uniport 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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