Post Utme Ims U 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

A company's trial balance as at 31st December 20X7 is as follows: Debit ₦ 50,000 Credit ₦ 60,000 What is the correct journal entry to rectify the error?

Answer Options

Correct Answer A. Debit ₦ 10,000, Credit ₦ 10,000
B. Debit ₦ 10,000, Credit ₦ 20,000
C. Debit ₦ 20,000, Credit ₦ 10,000
D. Debit ₦ 30,000, Credit ₦ 30,000
Correct Answer
A
Correct Option:
Debit ₦ 10,000, Credit ₦ 10,000

About This Question

This is Post Utme Ims U 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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