Post Utme Bsu 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Bsu Accounting examination.

Post Utme Bsu 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_BSU • 2020 • ACCOUNTING • objective

A company's Balance Sheet shows an error of £ 3,000 in the debit side of the Bank Account. The error is due to an incorrect posting of £ 3,000 from the Bank Account to the Purchases Account. Prepare the necessary journal entry to correct the error.

Answer Options

A. Debit Bank Account £ 3,000, Credit Purchases Account £ 3,000
Correct Answer B. Debit Purchases Account £ 3,000, Credit Bank Account £ 3,000
C. Debit Bank Account £ 3,000, Credit Sales Account £ 3,000
D. Debit Purchases Account £ 3,000, Credit Bank Account £ 3,000
Correct Answer
B
Correct Option:
Debit Purchases Account £ 3,000, Credit Bank Account £ 3,000

About This Question

This is Post Utme Bsu 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Bsu Accounting examination.

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