Neco Model Questions Vol1 2025 Financial Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 5 NECO_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

Match each of the following transactions with the appropriate book of original entry used in a typical double‑entry accounting system. 1. Sold goods on credit to ABC Ltd for \(\₦150,000\). 2. Purchased office supplies for cash \(\₦20,000\). 3. Paid salaries to staff \(\₦45,000\) by bank transfer. 4. Received cash from a customer for a previous credit sale \(\₦30,000\). Provide your answer as a comma‑separated list in the order of the transactions.

Answer Options

A. General Journal, Purchases Journal, Cash Payments Journal, Cash Receipts Journal
B. Sales Journal, General Journal, Cash Payments Journal, Cash Receipts Journal
C. Sales Journal, Purchases Journal, Cash Receipts Journal, Cash Payments Journal
Correct Answer D. Sales Journal, Purchases Journal, Cash Payments Journal, Cash Receipts Journal
Correct Answer
D
Correct Option:
Sales Journal, Purchases Journal, Cash Payments Journal, Cash Receipts Journal

About This Question

This is Neco Model Questions Vol1 2025 Financial Accounting Question 5. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support