Post Utme Elizade University 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice

Question 34 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance showed a credit balance of ₦50,000 in the account 'Sales Returns'. The company's accountant suspected that this was an error. What would be the correct treatment of this error?

Answer Options

A. Debit the Sales Returns account and credit the Sales account

Correct Answer B. Debit the Sales account and credit the Sales Returns account

C. Debit the Sales Returns account and credit the Sales account

D. Credit the Sales Returns account and debit the Sales account

Correct Answer

Correct Option:

Debit the Sales account and credit the Sales Returns account

About This Question

This is Post Utme Elizade University 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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