Post Utme Crawford University 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows an error of ¦1,000 in the debit side of the account 'Rent and Rates'. The error is due to the omission of a receipt of ¦1,000. Prepare the necessary journal entry to correct the error.

Answer Options

A. Debit Rent and Rates ¦1,000, Credit Bank ¦1,000
Correct Answer B. Debit Bank ¦1,000, Credit Rent and Rates ¦1,000
C. Debit Rent and Rates ¦1,000, Credit Cash ¦1,000
D. Debit Cash ¦1,000, Credit Rent and Rates ¦1,000
Correct Answer
B
Correct Option:
Debit Bank ¦1,000, Credit Rent and Rates ¦1,000

About This Question

This is Post Utme Crawford University 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Crawford University Accounting examination.

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