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A cheque for N400 drawn in favour of Jeje was posted to the credit of...

Accounts - Principles of Accounts
WAEC 1989
A cheque for N400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is
  • A. a debit suspense account N800,credit Jeje's account N800
  • B. debit bank to correct N400, credit Jeje's account N400
  • C. debit suspense account N400, credit Jeje's account N400
  • D. debit Jeje's account N800, credit suspense account N800
  • E. debit Jeje's account N400, credit suspense account N400
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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