Post Utme Pan Atlantic University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Office Supplies' and a credit balance of ₦20,000 in the account 'Office Equipment'. What is the correct journal entry to record the correction of this error?

Answer Options

A. ₦15,000 debit to Office Supplies and ₦20,000 credit to Office Equipment
Correct Answer B. ₦15,000 credit to Office Supplies and ₦20,000 debit to Office Equipment
C. ₦20,000 debit to Office Supplies and ₦15,000 credit to Office Equipment
D. ₦20,000 credit to Office Supplies and ₦15,000 debit to Office Equipment
Correct Answer
B
Correct Option:
₦15,000 credit to Office Supplies and ₦20,000 debit to Office Equipment

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

View More Post Utme Pan Atlantic University 2023 Accounting Questions More Post Utme Pan Atlantic University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support