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Sales of goods to the value of N500 was debited to Ade instead of Adu,...

Book Keeping
WAEC 2024

Sales of goods to the value of N500 was debited to Ade instead of Adu, The journal entry for correcting this error is debit

  • A. Adus account #500:credit Ades account #500
  • B. Ades Account #500; credit Adus account N 500
  • C. Adus account # 500; credit sales account #500
  • D. Sales account #500, credit Adus account #500
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Correct Answer: Option A
Explanation

This is an error of commission,it is usually corrected with the reverse of the error.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
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 Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free