Post Utme Caleb University 2024 Accounting Question 28
Practice objective / multiple choice question 28 from the 2024 Post Utme Caleb University Accounting examination.
A company's balance sheet showed a total equity of ₦200,000. The company's accountant discovered that the equity was incorrectly stated due to an error in the journal entry for the sale of goods. The correct journal entry should have been credited to Sales and debited to Cash. The incorrect journal entry was credited to Cash and debited to Sales. Calculate the correct amount of Cash.
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About This Question
This is Post Utme Caleb University 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.
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