Post Utme Ui 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its cash balance from ₦50,000 to ₦30,000. However, the company's profit and loss account shows a decrease in its cash balance from ₦50,000 to ₦40,000. Prepare the necessary journal entry to correct the error.

Answer Options

Correct Answer A. ₦20,000
B. ₦10,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Ui 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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