Post Utme Bells University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦10,000 in the accounts receivable account. However, the accounts receivable ledger shows a credit balance of ₦15,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has made a mistake in recording the accounts receivable transactions.
B. The accounts receivable ledger has been incorrectly prepared.
C. The company has received cash from customers but has not yet been credited.
Correct Answer D. The company has written off bad debts but has not yet been debited.
Correct Answer
D
Correct Option:
The company has written off bad debts but has not yet been debited.

About This Question

This is Post Utme Bells University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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