Neco 2020 Financial Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Neco Financial Accounting examination.

Neco 2020 Financial Accounting Objective / Multiple Choice Easy Difficulty

Question 15 NECO • 2020 • FINANCIAL_ACCOUNTING • objective

On 15\,March, the business purchased office supplies on credit for ₦45,000. Record the journal entry.

A. Debit Office Supplies 45,000; Credit Cash 45,000

B. Debit Office Supplies 40,000; Credit Accounts Payable 40,000

Correct Answer C. Debit Office Supplies 45,000; Credit Accounts Payable 45,000

D. Debit Accounts Payable 45,000; Credit Office Supplies 45,000

Correct Answer

Correct Option:

Debit Office Supplies 45,000; Credit Accounts Payable 45,000

This is Neco 2020 Financial Accounting Question 15. It is one of the objective questions from the 2020 Neco Financial Accounting examination.

Difficulty level: Easy .

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