Post Utme Madonna University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows an error of £ 2,000 due to an incorrect posting of a £ 4,000 credit to the accounts payable account. The correct entry should have been a £ 2,000 credit. What is the correct journal entry to rectify this error?

Answer Options

Correct Answer A. Accounts Payable £ 2,000, Capital £ 2,000
B. Accounts Payable £ 4,000, Capital £ 2,000
C. Accounts Payable £ 2,000, Capital £ 4,000
D. Accounts Payable £ 4,000, Capital £ 4,000
Correct Answer
A
Correct Option:
Accounts Payable £ 2,000, Capital £ 2,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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