Question 1

A payment of cash of N20 to John was entered on the receipt side of the cash book in error and credited to John's account. Which of the following journal entries can be used to correct the error?

  • A.John: N40 Dr, Cash: 40 Cr.
  • B.Cash: N40.
  • C.John: N20 Dr, Cash: N20 Cr.
  • D.Cash: N20 Dr, John: N20 Cr
Objective

Question details

Exam body
UI
Subject
Financial Accounting
Year
2019/2020
Question no.
#1
Type
Objective

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