Gce Model Questions Vol1 2022 Financial Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2022 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 3 GCE_MODEL_QUESTIONS_VOL1 • 2022 • FINANCIAL_ACCOUNTING • objective

On 15 June the company paid its electricity bill of \(\text{₦}4,800\) in cash. Record the double‑entry journal for this transaction.

Answer Options

A. Debit Utilities Expense ₦5,000; Credit Cash ₦5,000
B. Debit Electricity Expense ₦4,800; Credit Cash ₦4,800
Correct Answer C. Debit Utilities Expense ₦4,800; Credit Cash ₦4,800
D. Debit Utilities Expense ₦4,800; Credit Accounts Payable ₦4,800
Correct Answer
C
Correct Option:
Debit Utilities Expense ₦4,800; Credit Cash ₦4,800

About This Question

This is Gce Model Questions Vol1 2022 Financial Accounting Question 3. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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