Neco Model Questions Vol1 2019 Financial Accounting Question 48

Practice objective / multiple choice question 48 from the 2019 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2019 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 48 NECO_MODEL_QUESTIONS_VOL1 • 2019 • FINANCIAL_ACCOUNTING • objective

On 1 March the business purchased office furniture for \(\N{Naira}45,000\) cash. Record the journal entry using the double‑entry system.

Answer Options

A. Office Furniture Cr \N{Naira}45,000; Cash Dr \N{Naira}45,000
B. Office Equipment Dr \N{Naira}45,000; Cash Cr \N{Naira}45,000
C. Office Furniture Dr \N{Naira}45,000; Cash Cr \N{Naira}40,000
Correct Answer D. Office Furniture Dr \N{Naira}45,000; Cash Cr \N{Naira}45,000
Correct Answer
D
Correct Option:
Office Furniture Dr \N{Naira}45,000; Cash Cr \N{Naira}45,000

About This Question

This is Neco Model Questions Vol1 2019 Financial Accounting Question 48. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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