Post Utme Igbinedion University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following trial balance: Debit: ₦100,000, Credit: ₦120,000. What is the correct journal entry to rectify the discrepancy?

Answer Options

Correct Answer A. ₦20,000 Debit, ₦20,000 Credit
B. ₦20,000 Credit, ₦20,000 Debit
C. ₦20,000 Debit, ₦20,000 Debit
D. ₦20,000 Credit, ₦20,000 Credit
Correct Answer
A
Correct Option:
₦20,000 Debit, ₦20,000 Credit

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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