Post Utme Ui 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company's trial balance shows an error of ₦20,000 due to an incorrect posting of a credit entry. The correct credit entry is ₦15,000. What is the correct journal entry to rectify the error?

Answer Options

A. ₦20,000 credit to XYZ account
B. ₦15,000 debit to XYZ account
C. ₦20,000 debit to XYZ account
Correct Answer D. ₦15,000 credit to XYZ account
Correct Answer
D
Correct Option:
₦15,000 credit to XYZ account

About This Question

This is Post Utme Ui 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

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