Post Utme Madonna University 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows an error of £ 1,500 due to an incorrect posting of a £ 3,000 debit to the office supplies account. The correct entry should have been a £ 2,500 debit. What is the correct journal entry to rectify this error?

Answer Options

A. Office Supplies £ 1,500, Capital £ 1,500
Correct Answer B. Office Supplies £ 2,500, Capital £ 1,500
C. Office Supplies £ 1,500, Capital £ 2,500
D. Office Supplies £ 2,500, Capital £ 2,500
Correct Answer
B
Correct Option:
Office Supplies £ 2,500, Capital £ 1,500

About This Question

This is Post Utme Madonna University 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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