Post Utme Esut 2023 Accounting Question 28

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

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 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 rectify this 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
A
Correct Option:
Debit: ₦20,000, Credit: ₦20,000

About This Question

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

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