Post Utme Lautech 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company's trial balance shows an error of ₦10,000 in the accounts payable account. Prepare the necessary journal entry to correct this error.

Answer Options

A. Debit Accounts Payable ₦10,000, Credit Cash ₦10,000
Correct Answer B. Debit Cash ₦10,000, Credit Accounts Payable ₦10,000
C. Debit Accounts Payable ₦10,000, Credit Accounts Receivable ₦10,000
D. Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000
Correct Answer
B
Correct Option:
Debit Cash ₦10,000, Credit Accounts Payable ₦10,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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