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N100 received from Laifat was entered on the payments side of the cash book with...

Accounts - Principles of Accounts
WAEC 1991
N100 received from Laifat was entered on the payments side of the cash book with the double entry completed in her account. The correcting journal entries are
  • A. debit Latifat's account, credit cash book with N100
  • B. credit Latifat's account, debit cash book with N100
  • C. credit Latifa's account, debit cash book with N200
  • D. debit Latifat's account, credit cash book with N200
  • E. credit Latifat's account, debit Suspense account with N200
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Correct Answer: Option C
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts