Post Utme Rsu 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Accrued Expenses' account. However, the company's accountant has forgotten to record a credit entry of ₦5,000 in the 'Accrued Expenses' account. What is the correct journal entry to correct this error?

Answer Options

A. Debit Accrued Expenses ₦5,000 and Credit Cash ₦5,000
B. Debit Accrued Expenses ₦5,000 and Credit Accrued Income ₦5,000
Correct Answer C. Debit Accrued Income ₦5,000 and Credit Accrued Expenses ₦5,000
D. Debit Cash ₦5,000 and Credit Accrued Expenses ₦5,000
Correct Answer
C
Correct Option:
Debit Accrued Income ₦5,000 and Credit Accrued Expenses ₦5,000

About This Question

This is Post Utme Rsu 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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