Post Utme Achievers University 2017 Accounting Question 11
Practice objective / multiple choice question 11 from the 2017 Post Utme Achievers University Accounting examination.
A company's trial balance shows a discrepancy of ₦5,000 between the debit and credit balances. The accountant suspects that the error occurred in the journal entry for the purchase of office equipment. The journal entry was recorded as follows: Debit: Office Equipment ₦10,000, Credit: Cash ₦10,000. However, the accountant realizes that the office equipment was actually purchased for ₦15,000. What is the correct journal entry to correct the error?
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About This Question
This is Post Utme Achievers University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.
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