Post Utme Summit University 2024 Accounting Question 44

Practice objective / multiple choice question 44 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 44 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance showed an error of ₦ 2,000 in the credit side of the sales account. The correct amount of sales was ₦ 100,000. Prepare the necessary journal entry to correct the error.

Answer Options

Correct Answer A. Debit Sales ₦ 2,000, Credit Sales ₦ 2,000
B. Debit Sales ₦ 2,000, Credit Sales ₦ 2,000, Debit Capital ₦ 2,000
C. Debit Sales ₦ 2,000, Credit Sales ₦ 2,000, Credit Capital ₦ 2,000
D. Debit Sales ₦ 2,000, Credit Sales ₦ 2,000, Debit Capital ₦ 2,000, Credit Capital ₦ 2,000
Correct Answer
A
Correct Option:
Debit Sales ₦ 2,000, Credit Sales ₦ 2,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 44. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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