Post Utme Eksu 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦25,000 between the debit and credit sides. The company's accountant has identified the following errors: A debit of ₦10,000 was posted to the wrong account, a credit of ₦15,000 was omitted, and a debit of ₦20,000 was posted twice. What is the correct journal entry to correct these errors?

Answer Options

Correct Answer A. Debit Wrong Account ₦10,000, Credit Correct Account ₦10,000
B. Debit Correct Account ₦15,000, Credit Wrong Account ₦15,000
C. Debit Correct Account ₦20,000, Credit Wrong Account ₦20,000
D. Debit Wrong Account ₦10,000, Credit Correct Account ₦15,000
Correct Answer
A
Correct Option:
Debit Wrong Account ₦10,000, Credit Correct Account ₦10,000

About This Question

This is Post Utme Eksu 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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