Neco Model Questions Vol1 2018 Financial Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2018 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 21 NECO_MODEL_QUESTIONS_VOL1 • 2018 • FINANCIAL_ACCOUNTING • objective

A company purchased office equipment for \(150,000\) cash. Record the journal entry.

Answer Options

A. Office Equipment Dr 150,000; Accounts Payable Cr 150,000
B. Office Equipment Dr 100,000; Cash Cr 150,000
Correct Answer C. Office Equipment Dr 150,000; Cash Cr 150,000
D. Office Equipment Dr 150,000; Cash Cr 100,000
Correct Answer
C
Correct Option:
Office Equipment Dr 150,000; Cash Cr 150,000

About This Question

This is Neco Model Questions Vol1 2018 Financial Accounting Question 21. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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