Post Utme Ui 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UI • 2022 • ACCOUNTING • objective

A company's trial balance as at 31st December 2022 shows an error of ₦1,500 in the debit side of the account 'Office Equipment'. The error was caused by the omission of a purchase of office equipment worth ₦1,500. Prepare the necessary journal entry to correct the error.

Answer Options

A. ₦1,500 debit to Office Equipment
B. ₦1,500 credit to Office Equipment
Correct Answer C. ₦1,500 debit to Office Equipment and ₦1,500 credit to Purchases
D. ₦1,500 credit to Office Equipment and ₦1,500 debit to Sales
Correct Answer
C
Correct Option:
₦1,500 debit to Office Equipment and ₦1,500 credit to Purchases

About This Question

This is Post Utme Ui 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

View More Post Utme Ui 2022 Accounting Questions More Post Utme Ui Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support