Post Utme Noun 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company's balance sheet showed a current asset of ₦100,000 in the account 'Accounts Receivable'. The company's accounting records showed that the accounts receivable for the year was ₦120,000. What is the correct journal entry to record the error?

Answer Options

A. Debit Accounts Receivable ₦20,000, Credit Cash ₦20,000
B. Debit Accounts Receivable ₦20,000, Credit Sales ₦20,000
Correct Answer C. Debit Cash ₦20,000, Credit Accounts Receivable ₦20,000
D. Debit Sales ₦20,000, Credit Accounts Receivable ₦20,000
Correct Answer
C
Correct Option:
Debit Cash ₦20,000, Credit Accounts Receivable ₦20,000

About This Question

This is Post Utme Noun 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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