Post Utme Mountain Top University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's ledger account for 'Accounts Receivable' shows a balance of ₦25,000. The company's trial balance shows a debit balance of ₦15,000 in the account 'Sales' and a credit balance of ₦10,000 in the account 'Accounts Receivable'. What is the correct journal entry to correct this discrepancy?

Answer Options

Correct Answer A. ₦10,000 debit to Sales and ₦10,000 credit to Accounts Receivable
B. ₦15,000 debit to Sales and ₦10,000 credit to Accounts Receivable
C. ₦10,000 debit to Accounts Receivable and ₦10,000 credit to Sales
D. ₦15,000 debit to Sales and ₦15,000 credit to Accounts Receivable
Correct Answer
A
Correct Option:
₦10,000 debit to Sales and ₦10,000 credit to Accounts Receivable

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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