Post Utme Rsu 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦20,000 in the 'Cash' account. However, the company's accountant has forgotten to record a credit entry of ₦10,000 in the 'Bank' account. What is the correct journal entry to correct this error?

Answer Options

A. Debit Cash ₦10,000 and Credit Bank ₦10,000
Correct Answer B. Debit Bank ₦10,000 and Credit Cash ₦10,000
C. Debit Cash ₦10,000 and Credit Accrued Income ₦10,000
D. Debit Accrued Expenses ₦10,000 and Credit Cash ₦10,000
Correct Answer
B
Correct Option:
Debit Bank ₦10,000 and Credit Cash ₦10,000

About This Question

This is Post Utme Rsu 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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