Post Utme Aaua 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company's trading account showed a profit of 20,000. The accountant discovered that a 5,000 expense was omitted from the ledger. Prepare the journal entry to correct the error.

Answer Options

A. Debit Profit 5,000, Credit Expenses 5,000
Correct Answer B. Debit Expenses 5,000, Credit Profit 5,000
C. Debit Profit 5,000, Credit Profit 5,000
D. Debit Expenses 5,000, Debit Profit 5,000
Correct Answer
B
Correct Option:
Debit Expenses 5,000, Credit Profit 5,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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