Post Utme Nile University 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance showed an error of ₦20,000 in the credit side of the sales account. The correct amount of sales was ₦200,000. Prepare the necessary journal entry to correct the error.

Answer Options

Correct Answer A. Debit Sales ₦220,000, Credit Sales ₦200,000
B. Debit Sales ₦220,000, Credit Sales ₦220,000
C. Debit Sales ₦200,000, Credit Sales ₦220,000
D. Debit Sales ₦220,000, Credit Sales ₦20,000
Correct Answer
A
Correct Option:
Debit Sales ₦220,000, Credit Sales ₦200,000

About This Question

This is Post Utme Nile University 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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