Post Utme Wellspring University 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following trial balance: Debit: ₦ 100,000, Credit: ₦ 120,000, What is the correct journal entry to rectify the discrepancy?

Answer Options

Correct Answer A. Debit: ₦ 20,000, Credit: ₦ 20,000
B. Debit: ₦ 20,000, Credit: ₦ 10,000
C. Debit: ₦ 10,000, Credit: ₦ 20,000
D. Debit: ₦ 10,000, Credit: ₦ 10,000
Correct Answer
A
Correct Option:
Debit: ₦ 20,000, Credit: ₦ 20,000

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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