Post Utme Rsu 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company's balance sheet shows a debit balance of ₦30,000 in the 'Accrued Expenses' account. However, the company's accountant has forgotten to record a credit entry of ₦15,000 in the 'Accrued Income' account. What is the correct journal entry to correct this error?

Answer Options

A. Debit Accrued Expenses ₦15,000 and Credit Accrued Income ₦15,000
Correct Answer B. Debit Accrued Income ₦15,000 and Credit Accrued Expenses ₦15,000
C. Debit Accrued Expenses ₦15,000 and Credit Cash ₦15,000
D. Debit Cash ₦15,000 and Credit Accrued Expenses ₦15,000
Correct Answer
B
Correct Option:
Debit Accrued Income ₦15,000 and Credit Accrued Expenses ₦15,000

About This Question

This is Post Utme Rsu 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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