Post Utme Afe Babalola University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows a non-current liability of ₦100,000 in the account 'Bonds Payable'. However, the company's accounting records show that it has not issued any bonds. What is the most likely cause of this discrepancy?

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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