Post Utme Summit University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following trial balance: Debit: Cash ₦ 100,000, Credit: Bank ₦ 50,000. What is the correct journal entry to rectify the error?

Answer Options

A. Debit Bank ₦ 50,000, Credit Cash ₦ 50,000
Correct Answer B. Debit Cash ₦ 50,000, Credit Bank ₦ 50,000
C. Debit Bank ₦ 50,000, Credit Cash ₦ 100,000
D. Debit Cash ₦ 100,000, Credit Bank ₦ 50,000
Correct Answer
B
Correct Option:
Debit Cash ₦ 50,000, Credit Bank ₦ 50,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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