Post Utme Futa 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company prepares its trial balance and discovers an error of ₦10,000. What is the correct journal entry to rectify the error?

Answer Options

A. Debit Sales and Credit Profit
Correct Answer B. Debit Profit and Credit Sales
C. Debit Sales and Credit Purchases
D. Debit Purchases and Credit Sales
Correct Answer
B
Correct Option:
Debit Profit and Credit Sales

About This Question

This is Post Utme Futa 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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