Gce Model Questions Vol1 2023 Financial Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2023 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 35 GCE_MODEL_QUESTIONS_VOL1 • 2023 • FINANCIAL_ACCOUNTING • objective

On 1 July the company bought equipment costing \(£12,000\) and paid a delivery charge of \(£300\), both in cash. Record the journal entry for this transaction.

Answer Options

A. Debit Equipment £12,600; Credit Cash £12,600
B. Debit Equipment £12,000; Credit Cash £12,000
C. Debit Equipment £12,300; Credit Cash £12,000
Correct Answer D. Debit Equipment £12,300; Credit Cash £12,300
Correct Answer
D
Correct Option:
Debit Equipment £12,300; Credit Cash £12,300

About This Question

This is Gce Model Questions Vol1 2023 Financial Accounting Question 35. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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