Post Utme Ksu 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice

Question 10 POST_UTME_KSU • 2020 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦15,000 in the account 'Dividends'. What is the correct treatment for this discrepancy?

A. Debit the Dividends account and credit the Profit or Loss account

Correct Answer B. Credit the Dividends account and debit the Profit or Loss account

C. Debit the Dividends account and credit the Cash account

D. Credit the Dividends account and debit the Cash account

Correct Answer

Correct Option:

Credit the Dividends account and debit the Profit or Loss account

This is Post Utme Ksu 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

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