Post Utme Joseph Ayo Babalola University 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance showed an error of ₦ 500 in the credit side of the purchases account. The error was due to an incorrect posting of ₦ 500 from the sales account. What is the correct balance of the purchases account?

Answer Options

A. ₦ 10,000
Correct Answer B. ₦ 9,500
C. ₦ 9,000
D. ₦ 8,500
Correct Answer
B
Correct Option:
₦ 9,500

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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