Post Utme Lautech 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2023 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Debit: ₦100,000; Credit: ₦120,000. What is the correct treatment for this error?

Answer Options

Correct Answer A. Debit the error account for ₦20,000
B. Credit the error account for ₦20,000
C. Debit the error account for ₦10,000
D. Credit the error account for ₦10,000
Correct Answer
A
Correct Option:
Debit the error account for ₦20,000

About This Question

This is Post Utme Lautech 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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