Post Utme Abu 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the Accounts Payable account. However, the company's ledger shows a credit balance of ₦15,000 in the same account. What is the correct balance of the Accounts Payable account?

Answer Options

A. ₦20,000
Correct Answer B. ₦15,000
C. ₦5,000
D. ₦10,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Abu 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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