Waec Model Questions Vol1 2023 Financial Accounting Question 43

Practice objective / multiple choice question 43 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2023 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 43 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • FINANCIAL_ACCOUNTING • objective

The trial balance of a company shows a total debit column of ₦185,000 and a total credit column of ₦190,000. It is known that a single entry of amount X was posted to the wrong side of the trial balance (i.e., an amount that should have been debited was credited, or vice‑versa). Assuming no other errors, determine the value of X.

Answer Options

A. 5000
Correct Answer B. 2500
C. 1250
D. 7500
Correct Answer
B
Correct Option:
2500

About This Question

This is Waec Model Questions Vol1 2023 Financial Accounting Question 43. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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