Post Utme Madonna University 2017 Accounting Question 2

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

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows an error of ₦5,000. The error is due to a mistake in the journal entry for the purchase of office equipment. The correct entry should have been debited to 'Office Equipment' and credited to 'Cash'.

Answer Options

Correct Answer A. ₦5,000 (Office Equipment) - ₦5,000 (Cash)
B. ₦5,000 (Cash) - ₦5,000 (Office Equipment)
C. ₦10,000 (Office Equipment) - ₦10,000 (Cash)
D. ₦10,000 (Cash) - ₦10,000 (Office Equipment)
Correct Answer
A
Correct Option:
₦5,000 (Office Equipment) - ₦5,000 (Cash)

About This Question

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

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