cameroon gce intermediate level ohada financial accounting 1
cameroon gce intermediate level ohada financial accounting 1
A Commercial Enterprise paid its supplier of goods
through a Credit Card worth FCFA 250,000. The
journal entries for this transaction was……
| A | Debit a/c 4011 – Suppliers and Credit a/c 514 – Cheques for Collection |
| B | Debit a/c 4011 – Suppliers and Credit a/c 515 – Credit Cards Awaiting Collection |
| C | Debit a/c 4111 – Customers and Credit a/c 513 – Cheques Awaiting Collection |
| D | Debit a/c 4111 – Customers and Credit a/c 515 – Credit Cards Awaiting Collection |
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2. An industrial enterprise located at EDEA
produced a chair worth FCFA 65,000 for its own
use. The accounting entries in the enterprise’s
book were…
| A | Debit a/c 2444 – Office Equipment and Credit a/c 722 – Tangible Fixed Assets |
| B | Debit a/c 2444 – Office Equipment and Credit a/c 702 – Sales of Finished Products |
| C | Debit a/c 2341 – Specialised Complex Installations on our Land and Credit a/c 701 – Sales of Goods |
| D | Debit a/c 2341 – Specialised Complex Installations on our Land and Credit a/c 736 – Variation of stocks of Finished Products |
FRED ETONGO
January 31, 2021
Good morning Sir. I wish to request for the answers to this question