Post Utme Rsu 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company's balance sheet showed an excess of ₦20,000 in the debit side of the machinery account. The correct balance of the machinery account is ₦50,000. Prepare the necessary journal entry to correct this error.

Answer Options

Correct Answer A. Debit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000
B. Debit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000
C. Debit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000, Debit Machinery A/c ₦20,000
D. Debit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000, Debit Machinery A/c ₦20,000
Correct Answer
A
Correct Option:
Debit Machinery A/c ₦20,000, Credit Machinery A/c ₦20,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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