Post Utme Elizade University 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice

Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit: ₦100,000, Credit: ₦120,000 What is the correct journal entry to correct the error?

Answer Options

Correct Answer A. Debit: ₦20,000, Credit: ₦20,000

B. Debit: ₦20,000, Credit: ₦10,000

C. Debit: ₦10,000, Credit: ₦20,000

D. Debit: ₦10,000, Credit: ₦10,000

Correct Answer

Correct Option:

Debit: ₦20,000, Credit: ₦20,000

About This Question

This is Post Utme Elizade University 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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