Post Utme Ui 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Ui Accounting examination.

Post Utme Ui 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UI • 2021 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦10,000. The company's accountant has identified the following errors: (i) an item of ₦5,000 was omitted from the sales account, and (ii) an item of ₦3,000 was incorrectly posted to the purchases account. What is the correct treatment of the errors?

Answer Options

Correct Answer A. The errors are corrected by adjusting the sales account and the purchases account.
B. The errors are corrected by adjusting the sales account only.
C. The errors are corrected by adjusting the purchases account only.
D. The errors are corrected by adjusting the trial balance.
Correct Answer
A
Correct Option:
The errors are corrected by adjusting the sales account and the purchases account.

About This Question

This is Post Utme Ui 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.

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