Post Utme Afe Babalola University 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦5,000 between the debit and credit sides. The company's accountant has identified the following errors: (1) a sale of ₦10,000 was recorded as a purchase, and (2) a purchase of ₦8,000 was recorded as a sale. What is the correct amount of the discrepancy?

Answer Options

A. ₦3,000
Correct Answer B. ₦5,000
C. ₦7,000
D. ₦9,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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