Post Utme Veritas University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_VERITAS_UNIVERSITY • 2018 • ACCOUNTING • objective

The following is the journal entry for the purchase of a machine on credit:

Answer Options

A. Debit Machine A/c ₦10,000, Credit Bank A/c ₦10,000
Correct Answer B. Debit Bank A/c ₦10,000, Credit Machine A/c ₦10,000
C. Debit Machine A/c ₦10,000, Credit Cash A/c ₦10,000
D. Debit Bank A/c ₦10,000, Credit Cash A/c ₦10,000
Correct Answer
B
Correct Option:
Debit Bank A/c ₦10,000, Credit Machine A/c ₦10,000

About This Question

This is Post Utme Veritas University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Veritas University Accounting examination.

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