Post Utme Al Hikmah University 2020 Accounting Question 40
Practice objective / multiple choice question 40 from the 2020 Post Utme Al Hikmah University Accounting examination.
A company's profit and loss account shows a net profit of ₦50,000. However, the balance sheet shows a decrease in its equity of ₦20,000. What is the likely cause of this discrepancy?
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About This Question
This is Post Utme Al Hikmah University 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.
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