Neco 2022 Financial Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Neco Financial Accounting examination.

Neco 2022 Financial Accounting Objective / Multiple Choice Easy Difficulty

Question 27 NECO • 2022 • FINANCIAL_ACCOUNTING • objective

On 15 March, XYZ Ltd purchased office supplies on credit for ₦12,500. Record the journal entry.

A. Dr Office Supplies ₦12,500; Cr Cash ₦12,500

Correct Answer B. Dr Office Supplies ₦12,500; Cr Accounts Payable ₦12,500

C. Dr Office Supplies ₦12,000; Cr Accounts Payable ₦12,000

D. Dr Accounts Payable ₦12,500; Cr Office Supplies ₦12,500

Correct Answer

Correct Option:

Dr Office Supplies ₦12,500; Cr Accounts Payable ₦12,500

This is Neco 2022 Financial Accounting Question 27. It is one of the objective questions from the 2022 Neco Financial Accounting examination.

Difficulty level: Easy .

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