Post Utme Achievers University 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦30,000 in the account 'Cash' and a credit balance of ₦20,000 in the account 'Bank'. What is the correct journal entry to correct this error?

Answer Options

A. Debit Bank ₦10,000, Credit Cash ₦10,000
B. Debit Bank ₦20,000, Credit Cash ₦10,000
Correct Answer C. Debit Cash ₦30,000, Credit Bank ₦20,000
D. Debit Cash ₦20,000, Credit Bank ₦30,000
Correct Answer
C
Correct Option:
Debit Cash ₦30,000, Credit Bank ₦20,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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