Post Utme Bells University 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's profit and loss account shows a profit of ₦100,000. However, the balance sheet shows a loss of ₦50,000. What is the reason for this discrepancy?

Answer Options

A. The company has a non-trading income of ₦150,000.
Correct Answer B. The company has a non-trading expense of ₦150,000.
C. The company has a trading loss of ₦150,000.
D. The company has a non-trading loss of ₦150,000.
Correct Answer
B
Correct Option:
The company has a non-trading expense of ₦150,000.

About This Question

This is Post Utme Bells University 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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