Post Utme Wellspring University 2025 Accounting Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice
Question 38 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company purchases office supplies for ₦50,000 and pays cash, what is the journal entry to record this transaction?

Answer Options

A. Debit Office Supplies ₦50,000, Credit Cash ₦50,000
Correct Answer B. Debit Cash ₦50,000, Credit Office Supplies ₦50,000
C. Debit Office Supplies ₦50,000, Credit Bank ₦50,000
D. Debit Bank ₦50,000, Credit Office Supplies ₦50,000
Correct Answer
B
Correct Option:
Debit Cash ₦50,000, Credit Office Supplies ₦50,000

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 38. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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