Post Utme Rsu 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A company's balance sheet shows a current liability of ₦50,000. The accountant suspects that the liability is due to an error in the journal entry for the purchase of a machine. The machine was purchased for ₦50,000 and the accountant has made an error in the journal entry. Prepare the correct journal entry.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Rsu 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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