Post Utme Bells University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following trial balance: Debit: 100,000, Credit: 120,000. What is the correct journal entry to rectify the discrepancy?

Answer Options

A. Debit: 20,000, Credit: 0
Correct Answer B. Debit: 0, Credit: 20,000
C. Debit: 20,000, Credit: 20,000
D. Debit: 0, Credit: 0
Correct Answer
B
Correct Option:
Debit: 0, Credit: 20,000

About This Question

This is Post Utme Bells University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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