Post Utme Ui 2018 Accounting Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Ui Accounting examination.

Post Utme Ui 2018 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UI • 2018 • ACCOUNTING • objective

A company's trial balance shows an error of ₦0.50 in the debit side of the accounts payable account. The error was caused by an incorrect posting of ₦0.50 from the purchases ledger to the accounts payable ledger. What is the correct journal entry to rectify this error?

Answer Options

A. Debit purchases ledger ₦0.50, credit accounts payable ledger ₦0.50
Correct Answer B. Debit accounts payable ledger ₦0.50, credit purchases ledger ₦0.50
C. Debit purchases ledger ₦0.50, credit purchases returns ledger ₦0.50
D. Debit accounts payable ledger ₦0.50, credit purchases returns ledger ₦0.50
Correct Answer
B
Correct Option:
Debit accounts payable ledger ₦0.50, credit purchases ledger ₦0.50

About This Question

This is Post Utme Ui 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Ui Accounting examination.

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