Post Utme Christopher University 2024 Accounting Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice

Question 18 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A firm's trial balance showed an error of ₦1,000. The error was discovered in the journal entry dated 31st December. The journal entry was posted on 15th January. Calculate the correction to be made in the ledger accounts.

Answer Options

A. ₦1,000 debit

Correct Answer B. ₦1,000 credit

C. ₦500 debit and ₦500 credit

D. ₦500 debit and ₦500 credit on 15th January

Correct Answer

Correct Option:

₦1,000 credit

About This Question

This is Post Utme Christopher University 2024 Accounting Question 18. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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