Post Utme Lasu 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Lasu Accounting examination.

Post Utme Lasu 2025 Accounting Objective / Multiple Choice

Question 29 POST_UTME_LASU • 2025 • ACCOUNTING • objective

A company's trial balance showed an error of ₦15,000 due to a mistake in posting a journal entry. The error was discovered during the preparation of the balance sheet. Prepare the necessary correcting entry.

Correct Answer A. ₦15,000 debit to Profit and Loss Account and ₦15,000 credit to Capital Account

B. ₦15,000 debit to Capital Account and ₦15,000 credit to Profit and Loss Account

C. ₦15,000 debit to Profit and Loss Account and ₦15,000 credit to Drawings Account

D. ₦15,000 debit to Drawings Account and ₦15,000 credit to Profit and Loss Account

Correct Answer

Correct Option:

₦15,000 debit to Profit and Loss Account and ₦15,000 credit to Capital Account

This is Post Utme Lasu 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Lasu Accounting examination.

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