Post Utme Ui 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦10,000 in the 'Dividends' account. However, the company's accounting records show that it has declared dividends of ₦15,000. Prepare the necessary journal entry to correct the error.

Answer Options

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

About This Question

This is Post Utme Ui 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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