Post Utme Lautech 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company's control account showed a balance of ₦100,000. The ledger account showed a balance of ₦120,000. Prepare the necessary ledger account to rectify the error.

Answer Options

A. ₦100,000 (control account) + ₦20,000 (error) = ₦120,000 (ledger account)
Correct Answer B. ₦120,000 (ledger account) - ₦20,000 (error) = ₦100,000 (control account)
C. ₦100,000 (control account) - ₦20,000 (error) = ₦80,000
D. ₦120,000 (ledger account) + ₦20,000 (error) = ₦140,000
Correct Answer
B
Correct Option:
₦120,000 (ledger account) - ₦20,000 (error) = ₦100,000 (control account)

About This Question

This is Post Utme Lautech 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

View More Post Utme Lautech 2020 Accounting Questions More Post Utme Lautech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support