Post Utme Rsu 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 32 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦25,000 in the 'Accrued Expenses' account. However, the company's accountant has forgotten to record a credit entry of ₦12,500 in the 'Accrued Income' account. What is the correct journal entry to correct this error?

Answer Options

A. Debit Accrued Expenses ₦12,500 and Credit Accrued Income ₦12,500
Correct Answer B. Debit Accrued Income ₦12,500 and Credit Accrued Expenses ₦12,500
C. Debit Accrued Expenses ₦12,500 and Credit Cash ₦12,500
D. Debit Cash ₦12,500 and Credit Accrued Expenses ₦12,500
Correct Answer
B
Correct Option:
Debit Accrued Income ₦12,500 and Credit Accrued Expenses ₦12,500

About This Question

This is Post Utme Rsu 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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