Post Utme Ui 2025 Accounting Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Rent and Rates' account. However, the company's accounting records show that it has paid ₦20,000 in rent and rates for the year. Prepare the necessary journal entry to correct the error.

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦5,000
Correct Answer D. ₦10,000
Correct Answer
D
Correct Option:
₦10,000

About This Question

This is Post Utme Ui 2025 Accounting Question 19. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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