Post Utme Esut 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Esut Accounting examination.

Post Utme Esut 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Office Equipment' account. However, the company's accountant has informed you that the correct balance should be a credit of ₦5,000. What is the correct journal entry to rectify this error?

Answer Options

A. ₦20,000 debit to Office Equipment and ₦20,000 credit to Office Supplies
Correct Answer B. ₦20,000 credit to Office Equipment and ₦20,000 debit to Office Supplies
C. ₦20,000 debit to Office Equipment and ₦20,000 credit to Office Equipment
D. ₦20,000 credit to Office Equipment and ₦20,000 debit to Office Equipment
Correct Answer
B
Correct Option:
₦20,000 credit to Office Equipment and ₦20,000 debit to Office Supplies

About This Question

This is Post Utme Esut 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Esut Accounting examination.

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