Post Utme Lead City University 2023 Accounting Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows an error of ₦15,000 in the debit side of the accounts payable account. The error was caused by a clerk who forgot to record a payment of ₦15,000 made to a supplier. What is the correct journal entry to rectify this error?

Answer Options

A. Debit Accounts Payable ₦15,000, Credit Cash ₦15,000
Correct Answer B. Debit Cash ₦15,000, Credit Accounts Payable ₦15,000
C. Debit Accounts Payable ₦15,000, Credit Bank ₦15,000
D. Debit Bank ₦15,000, Credit Accounts Payable ₦15,000
Correct Answer
B
Correct Option:
Debit Cash ₦15,000, Credit Accounts Payable ₦15,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 21. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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