Post Utme Joseph Ayo Babalola University 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice

Question 7 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. Debit 20,000, Credit 20,000

B. Debit 20,000, Credit 0

C. Debit 0, Credit 20,000

D. Debit 0, Credit 0

Correct Answer

Correct Option:

Debit 20,000, Credit 20,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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