Waec Model Questions Vol1 2017 Financial Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2017 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 38 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • FINANCIAL_ACCOUNTING • objective

A business purchases equipment for cash amounting to ₦45,000. State the double‑entry bookkeeping records for this transaction.

Answer Options

Correct Answer A. Equipment account debited, Cash account credited
B. Equipment account credited, Cash account debited
C. Equipment account debited, Accounts Payable credited
D. Cash account debited, Equipment account credited
Correct Answer
A
Correct Option:
Equipment account debited, Cash account credited

About This Question

This is Waec Model Questions Vol1 2017 Financial Accounting Question 38. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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