Post Utme Delsu 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Delsu Accounting examination.

Post Utme Delsu 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_DELSU • 2019 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦20,000 in the account 'Dividends'. What is the correct journal entry to record this transaction?

Answer Options

A. ₦20,000 debit to Dividends
Correct Answer B. ₦20,000 credit to Dividends
C. ₦20,000 debit to Profit and Loss
D. ₦20,000 credit to Profit and Loss
Correct Answer
B
Correct Option:
₦20,000 credit to Dividends

About This Question

This is Post Utme Delsu 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Delsu Accounting examination.

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