Post Utme Rsu 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice

Question 10 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company's balance sheet showed an excess of ₦30,000 in the debit side of the stock account. The correct balance of the stock account is ₦60,000. Prepare the necessary journal entry to correct this error.

Correct Answer A. Debit Stock A/c ₦30,000, Credit Stock A/c ₦30,000

B. Debit Stock A/c ₦30,000, Credit Stock A/c ₦30,000, Credit Stock A/c ₦30,000

C. Debit Stock A/c ₦30,000, Credit Stock A/c ₦30,000, Debit Stock A/c ₦30,000

D. Debit Stock A/c ₦30,000, Credit Stock A/c ₦30,000, Credit Stock A/c ₦30,000, Debit Stock A/c ₦30,000

Correct Answer

Correct Option:

Debit Stock A/c ₦30,000, Credit Stock A/c ₦30,000

This is Post Utme Rsu 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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