Post Utme Babcock University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a current asset of ₦50,000 in the accounts receivable account. However, the company's trial balance shows a debit balance of ₦40,000 in the same account. What is the correct journal entry to rectify this discrepancy?

Answer Options

Correct Answer A. ₦10,000 debit to accounts receivable
B. ₦10,000 credit to accounts receivable
C. ₦50,000 debit to accounts receivable
D. ₦50,000 credit to accounts receivable
Correct Answer
A
Correct Option:
₦10,000 debit to accounts receivable

About This Question

This is Post Utme Babcock University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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