Post Utme Babcock University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦30,000 in the accounts payable account. However, the company's balance sheet shows a credit balance of ₦20,000 in the same account. What is the correct journal entry to rectify this discrepancy?

Answer Options

Correct Answer A. ₦10,000 debit to accounts payable
B. ₦10,000 credit to accounts payable
C. ₦30,000 debit to accounts payable
D. ₦30,000 credit to accounts payable
Correct Answer
A
Correct Option:
₦10,000 debit to accounts payable

About This Question

This is Post Utme Babcock University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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