Post Utme Babcock University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice

Question 18 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A company prepares a trading account, profit and loss account, and balance sheet. The balance sheet shows a total assets of ₦50,000, while the trading account shows a total assets of ₦40,000. What is the correct explanation for the discrepancy?

Answer Options

A. The company has made an error in recording a transaction.

B. The company has made an error in reconciling the balance sheet and trading account.

C. The company has made an error in recording a deposit.

D. The company has made an error in recording a withdrawal.

Correct Answer

N/A

About This Question

This is Post Utme Babcock University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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