Neco Model Questions Vol1 2022 Financial Accounting Question 49

Practice objective / multiple choice question 49 from the 2022 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2022 Financial Accounting Objective / Multiple Choice Easy Difficulty

Question 49 NECO_MODEL_QUESTIONS_VOL1 • 2022 • FINANCIAL_ACCOUNTING • objective

A company paid ₦12,000 in cash for telephone expenses. State the debit and credit entries required by the double‑entry system.

Answer Options

A. Debit Telephone Expenses ₦12,000; Credit Bank ₦12,000

B. Debit Telephone Expenses ₦12,000; Credit Accounts Payable ₦12,000

C. Debit Cash ₦12,000; Credit Telephone Expenses ₦12,000

Correct Answer D. Debit Telephone Expenses ₦12,000; Credit Cash ₦12,000

Correct Answer

Correct Option:

Debit Telephone Expenses ₦12,000; Credit Cash ₦12,000

About This Question

This is Neco Model Questions Vol1 2022 Financial Accounting Question 49. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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