Gce Model Questions Vol1 2017 Financial Accounting Question 17
Practice objective / multiple choice question 17 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
During a month a company records the following five transactions:\n1. Bought office supplies on credit for \(45{,}000\) ₦.\n2. Sold goods for cash \(120{,}000\) ₦.\n3. Paid the electricity bill by cheque \(15{,}000\) ₦.\n4. Purchased raw material for cash \(80{,}000\) ₦.\n5. Received a bank loan by cheque \(200{,}000\) ₦.\nFor each transaction, state the appropriate book of original entry (Cash Book, Sales Journal, Purchases Journal, etc.). Then calculate the total debit amount recorded in the Purchases Journal for cash purchases only.
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 17. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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