Post Utme Aaua 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2022 is as follows: Debit ₦ 1,500,000 ₦ 2,000,000 ₦ 3,000,000 ₦ 4,000,000 ₦ 5,000,000 Credit ₦ 1,000,000 ₦ 2,500,000 ₦ 3,500,000 ₦ 4,500,000 ₦ 5,500,000 Identify the error in the trial balance.

Answer Options

A. The debit side is overcast by ₦1,000,000
Correct Answer B. The credit side is undercast by ₦1,000,000
C. The debit side is undercast by ₦1,000,000
D. The credit side is overcast by ₦1,000,000
Correct Answer
B
Correct Option:
The credit side is undercast by ₦1,000,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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