Post Utme Redeemers University 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance showed an error of ₦5,000 in the debit side of the sales account. Prepare the necessary journal entry to rectify the error.

Answer Options

A. Debit Sales Account ₦5,000, Credit Bank Account ₦5,000
Correct Answer B. Debit Bank Account ₦5,000, Credit Sales Account ₦5,000
C. Debit Sales Account ₦5,000, Credit Cash Account ₦5,000
D. Debit Cash Account ₦5,000, Credit Sales Account ₦5,000
Correct Answer
B
Correct Option:
Debit Bank Account ₦5,000, Credit Sales Account ₦5,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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