Post Utme Veritas University 2019 Accounting Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 24 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has a control account for its debtors. The control account balance is ₦50,000. The ledger account for debtors shows a balance of ₦60,000. Prepare the necessary journal entry to rectify the discrepancy.

Answer Options

Correct Answer A. Debit Debtors 10,000, Credit Control Account 10,000
B. Debit Control Account 10,000, Credit Debtors 10,000
C. Debit Debtors 10,000, Credit Cash 10,000
D. Debit Cash 10,000, Credit Debtors 10,000
Correct Answer
A
Correct Option:
Debit Debtors 10,000, Credit Control Account 10,000

About This Question

This is Post Utme Veritas University 2019 Accounting Question 24. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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