Waec Model Questions Vol1 2018 Financial Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2018 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 40 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • FINANCIAL_ACCOUNTING • objective

On 15 January the business purchased office supplies for cash amounting to ₦12,000. Record the double‑entry for this transaction.

Answer Options

A. Debit Office Supplies ₦10,000; Credit Cash ₦10,000
Correct Answer B. Debit Office Supplies ₦12,000; Credit Cash ₦12,000
C. Debit Cash ₦12,000; Credit Office Supplies ₦12,000
D. Debit Office Supplies ₦12,000; Credit Accounts Payable ₦12,000
Correct Answer
B
Correct Option:
Debit Office Supplies ₦12,000; Credit Cash ₦12,000

About This Question

This is Waec Model Questions Vol1 2018 Financial Accounting Question 40. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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