Post Utme Ims U 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's trial balance showed an error of ₦10,000 due to an incorrect posting of a sale. The error was discovered during the preparation of the balance sheet. Prepare the necessary journal entry to correct the error.

Answer Options

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

About This Question

This is Post Utme Ims U 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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