Post Utme Rsu 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦35,000 in the 'Cash' account. However, the company's accountant has forgotten to record a credit entry of ₦17,500 in the 'Bank' account. What is the correct journal entry to correct this error?

Answer Options

A. Debit Cash ₦17,500 and Credit Bank ₦17,500
Correct Answer B. Debit Bank ₦17,500 and Credit Cash ₦17,500
C. Debit Cash ₦17,500 and Credit Accrued Income ₦17,500
D. Debit Accrued Expenses ₦17,500 and Credit Cash ₦17,500
Correct Answer
B
Correct Option:
Debit Bank ₦17,500 and Credit Cash ₦17,500

About This Question

This is Post Utme Rsu 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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