Gce Model Questions Vol1 2024 Financial Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2024 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 15 GCE_MODEL_QUESTIONS_VOL1 • 2024 • FINANCIAL_ACCOUNTING • objective

The company bought office equipment for \( \text{₦}25{,}000 \) cash. Record the appropriate journal entry using the double‑entry system.

Answer Options

A. Debit Cash 25,000; Credit Office Equipment 25,000
B. Debit Office Equipment 20,000; Credit Cash 20,000
Correct Answer C. Debit Office Equipment 25,000; Credit Cash 25,000
D. Debit Office Equipment 25,000; Credit Accounts Payable 25,000
Correct Answer
C
Correct Option:
Debit Office Equipment 25,000; Credit Cash 25,000

About This Question

This is Gce Model Questions Vol1 2024 Financial Accounting Question 15. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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