Post Utme Achievers University 2017 Accounting Question 15
Practice objective / multiple choice question 15 from the 2017 Post Utme Achievers University Accounting examination.
A company's trial balance shows a discrepancy of ₦10,000 between the debit and credit balances. The accountant suspects that the error occurred in the journal entry for the sale of goods. The journal entry was recorded as follows: Debit: Sales ₦20,000, Credit: Cash ₦20,000. However, the accountant realizes that the sale was actually made on credit. 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 15. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.
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