Post Utme Unn 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A public sector entity has the following transactions: Purchased office supplies for ₦10,000, paid salaries of ₦50,000, and received a grant of ₦20,000. Prepare the journal entries for these transactions.

Answer Options

A. Debit Office Supplies ₦10,000, Credit Cash ₦10,000
B. Debit Salaries ₦50,000, Credit Cash ₦50,000
C. Debit Grant ₦20,000, Credit Cash ₦20,000
Correct Answer D. Debit Office Supplies ₦10,000, Debit Salaries ₦50,000, Credit Cash ₦60,000
Correct Answer
D
Correct Option:
Debit Office Supplies ₦10,000, Debit Salaries ₦50,000, Credit Cash ₦60,000

About This Question

This is Post Utme Unn 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Unn Accounting examination.

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