Post Utme Ui 2024 Accounting Question 42

Practice objective / multiple choice question 42 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 42 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company has the following error: A credit of ₦10,000 was posted to the wrong account. What is the correct journal entry to correct the error?

Answer Options

A. Debit Cash ₦10,000, Credit Accounts Payable ₦10,000
Correct Answer B. Debit Accounts Payable ₦10,000, Credit Cash ₦10,000
C. Debit Cash ₦10,000, Credit Accounts Receivable ₦10,000
D. Debit Accounts Receivable ₦10,000, Credit Cash ₦10,000
Correct Answer
B
Correct Option:
Debit Accounts Payable ₦10,000, Credit Cash ₦10,000

About This Question

This is Post Utme Ui 2024 Accounting Question 42. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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