Post Utme Afe Babalola University 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows a current asset of ₦50,000 in the account 'Accounts Receivable'. However, the company's accounting records show that it has not received any payments from its customers. What is the most likely cause of this discrepancy?

Answer Options

Correct Answer A. Error in recording accounts receivable
B. Error in recording accounts payable
C. Error in preparing the balance sheet
D. Error in accounting records
Correct Answer
A
Correct Option:
Error in recording accounts receivable

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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