Post Utme Al Hikmah University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trading account shows a profit of ₦120,000. However, the profit and loss account shows a loss of ₦80,000. What is the reason for the discrepancy?

Answer Options

A. Unrecorded sales
B. Unrecorded purchases
Correct Answer C. Depreciation
D. Interest on loan
Correct Answer
C
Correct Option:
Depreciation

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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