Waec Model Questions Vol1 2017 Financial Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2017 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 28 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • FINANCIAL_ACCOUNTING • objective

On 15 March a business bought office equipment for ₦45,000 cash and paid ₦10,000 for delivery. Record the journal entries for these transactions.

Answer Options

Correct Answer A. Office Equipment Dr 45000; Cash Cr 45000; Delivery Expense Dr 10000; Cash Cr 10000
B. Office Equipment Dr 40000; Cash Cr 40000; Delivery Expense Dr 10000; Cash Cr 10000
C. Office Equipment Dr 45000; Cash Cr 45000; Delivery Expense Dr 5000; Cash Cr 5000
D. Office Equipment Dr 45000; Cash Cr 45000; Delivery Expense Dr 10000; Accounts Payable Cr 10000
Correct Answer
A
Correct Option:
Office Equipment Dr 45000; Cash Cr 45000; Delivery Expense Dr 10000; Cash Cr 10000

About This Question

This is Waec Model Questions Vol1 2017 Financial Accounting Question 28. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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