Post Utme Bowen University 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice

Question 32 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance showed an error of ₦ 1,000 in the debit side of the cash account. The correct balance of the cash account is ₦ 20,000. Prepare the correcting journal entry.

Answer Options

A. Debit Cash ₦ 1,000, Credit Bank ₦ 1,000

Correct Answer B. Debit Bank ₦ 1,000, Credit Cash ₦ 1,000

C. Debit Cash ₦ 1,000, Credit Profit and Loss ₦ 1,000

D. Debit Profit and Loss ₦ 1,000, Credit Cash ₦ 1,000

Correct Answer

Correct Option:

Debit Bank ₦ 1,000, Credit Cash ₦ 1,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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