Post Utme Lautech 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice

Question 35 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company's self-balancing ledger showed a balance of ₦150,000. The ledger account showed a balance of ₦180,000. Prepare the necessary ledger account to rectify the error.

Answer Options

A. ₦150,000 (self-balancing ledger) + ₦30,000 (error) = ₦180,000 (ledger account)

Correct Answer B. ₦180,000 (ledger account) - ₦30,000 (error) = ₦150,000 (self-balancing ledger)

C. ₦150,000 (self-balancing ledger) - ₦30,000 (error) = ₦120,000

D. ₦180,000 (ledger account) + ₦30,000 (error) = ₦210,000

Correct Answer

Correct Option:

₦180,000 (ledger account) - ₦30,000 (error) = ₦150,000 (self-balancing ledger)

About This Question

This is Post Utme Lautech 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

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