Waec Model Questions Vol1 2021 Financial Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2021 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 37 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • FINANCIAL_ACCOUNTING • objective

A company bought office equipment for ₦150,000 cash. Record the journal entry using the double‑entry system.

Answer Options

A. Debit Office Equipment ₦150,000; Credit Bank ₦150,000
B. Debit Office Equipment ₦150,000; Credit Cash ₦100,000
C. Debit Cash ₦150,000; Credit Office Equipment ₦150,000
Correct Answer D. Debit Office Equipment ₦150,000; Credit Cash ₦150,000
Correct Answer
D
Correct Option:
Debit Office Equipment ₦150,000; Credit Cash ₦150,000

About This Question

This is Waec Model Questions Vol1 2021 Financial Accounting Question 37. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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