Post Utme Greenfield University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet showed a debit balance of ₦ 10,000 in the suspense account. The company's cash account had a credit balance of ₦ 5,000. Prepare the necessary journal entry to clear the suspense account.

Answer Options

Correct Answer A. Suspense Account Debit ₦ 10,000, Cash Credit ₦ 10,000
B. Suspense Account Credit ₦ 5,000, Cash Debit ₦ 5,000
C. Suspense Account Debit ₦ 5,000, Cash Credit ₦ 5,000
D. Suspense Account Credit ₦ 10,000, Cash Debit ₦ 10,000
Correct Answer
A
Correct Option:
Suspense Account Debit ₦ 10,000, Cash Credit ₦ 10,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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