Post Utme Crawford University 2025 Accounting Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows an error of ₦1,000 in the debit side of the accounts payable account. The correct balance is ₦50,000. Prepare the necessary journal entry to correct the error.

Answer Options

A. Debit Accounts Payable ₦1,000, Credit Cash ₦1,000
B. Debit Accounts Payable ₦1,000, Credit Bank ₦1,000
Correct Answer C. Debit Cash ₦1,000, Credit Accounts Payable ₦1,000
D. Debit Bank ₦1,000, Credit Accounts Payable ₦1,000
Correct Answer
C
Correct Option:
Debit Cash ₦1,000, Credit Accounts Payable ₦1,000

About This Question

This is Post Utme Crawford University 2025 Accounting Question 12. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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