Accounts - Principles of Accounts
JAMB 1995
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 entry can be used to correct the error?
-
A.
John: N40 Dr, cash: N40 Cr
-
B.
Cash: N40 Dr, John: N40 Cr
-
C.
John: N20 Dr, cash: N20 Cr
-
D.
Cash: N20 Dr, John: N20 Cr
Correct Answer: Option C
Explanation
No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please
click here
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}