Post Utme Abu 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦10,000 in the 'Bank' account. However, the company's accounting records show that it has a credit balance of ₦15,000 in the 'Bank' account. What is the correct journal entry to record the error?

Answer Options

A. Debit Bank ₦15,000, Credit Cash ₦10,000
Correct Answer B. Debit Bank ₦10,000, Credit Cash ₦15,000
C. Debit Bank ₦15,000, Credit Cash ₦25,000
D. Debit Bank ₦25,000, Credit Cash ₦15,000
Correct Answer
B
Correct Option:
Debit Bank ₦10,000, Credit Cash ₦15,000

About This Question

This is Post Utme Abu 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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