Post Utme Esut 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company has a self-balancing ledger that shows a debit balance of ₦20,000 in the account 'Sales'. However, the company's accounting records show that the sales were actually made to a customer. What is the correct treatment of this error?

Answer Options

A. Debit the 'Sales' account and credit the 'Sales Returns' account
Correct Answer B. Debit the 'Sales Returns' account and credit the 'Sales' account
C. Debit the 'Sales' account and credit the 'Sales' account
D. Credit the 'Sales' account and debit the 'Sales' account
Correct Answer
B
Correct Option:
Debit the 'Sales Returns' account and credit the 'Sales' account

About This Question

This is Post Utme Esut 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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