Post Utme Rhema University 2025 Accounting Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 39 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows an error of ¦0,000 due to an omission of a transaction. The error is discovered after the preparation of the final accounts. Prepare the necessary journal entry to rectify the error.

Answer Options

A. Debit Cash ¦0,000, Credit Profit and Loss Account ¦0,000
Correct Answer B. Debit Profit and Loss Account ¦0,000, Credit Cash ¦0,000
C. Debit Profit and Loss Account ¦0,000, Credit Capital ¦0,000
D. Debit Capital ¦0,000, Credit Profit and Loss Account ¦0,000
Correct Answer
B
Correct Option:
Debit Profit and Loss Account ¦0,000, Credit Cash ¦0,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 39. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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