Post Utme Aaua 2024 Accounting Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company's trial balance showed a discrepancy of 1,000. The accountant discovered that a 500 credit entry was omitted from the ledger. Prepare the journal entry to correct the error.

Answer Options

A. Debit Cash 500, Credit Sales 500
Correct Answer B. Debit Sales 500, Credit Cash 500
C. Debit Sales 500, Credit Sales 500
D. Debit Cash 500, Debit Sales 500
Correct Answer
B
Correct Option:
Debit Sales 500, Credit Cash 500

About This Question

This is Post Utme Aaua 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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