Post Utme Ims U 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company's trial balance shows an error of ₦20,000. The error is due to an incorrect posting of a debit entry. What is the correct journal entry to rectify the error?

Answer Options

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

About This Question

This is Post Utme Ims U 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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