Post Utme Skyline University 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows an error of ₦1,500 in the debit side of the purchases account. The error is due to the omission of a purchase return of ₦3,000. Prepare the necessary journal entry to rectify the error.

Answer Options

A. ₦1,500 debit to purchases account
B. ₦3,000 credit to purchases account
Correct Answer C. ₦1,500 debit to purchases account and ₦3,000 credit to purchases account
D. ₦1,500 credit to purchases account
Correct Answer
C
Correct Option:
₦1,500 debit to purchases account and ₦3,000 credit to purchases account

About This Question

This is Post Utme Skyline University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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