Post Utme Madonna University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance as at December 31, 2020, is as follows: Debit ------------------- Cash: ₦100,000 Accounts Payable: ₦50,000 Sales Revenue: ₦200,000 ------------------- Credit ------------------- Accounts Receivable: ₦150,000 Cost of Goods Sold: ₦100,000 ------------------- Identify the error in the trial balance.

Answer Options

Correct Answer A. Sales Revenue is debited
B. Accounts Payable is credited
C. Cost of Goods Sold is credited
D. Accounts Receivable is debited
Correct Answer
A
Correct Option:
Sales Revenue is debited

About This Question

This is Post Utme Madonna University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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