Post Utme Bells University 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a trial balance that shows a total debit balance of ₦200,000 and a total credit balance of ₦250,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has a mistake in its accounting records.
B. The company has a loan from a bank.
C. The company has a deposit in the bank.
D. The company has a bank charge.
Correct Answer
A
Correct Option:
The company has a mistake in its accounting records.

About This Question

This is Post Utme Bells University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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