Post Utme Bells University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦2,000 between the debit and credit sides. The company's accountant has identified the following errors: (i) an item of ₦1,000 was posted twice on the debit side, (ii) an item of ₦1,000 was posted twice on the credit side, and (iii) an item of ₦500 was posted on the wrong side. What is the correct amount of the discrepancy?

Answer Options

A. ₦500
B. ₦1,000
Correct Answer C. ₦1,500
D. ₦2,000
Correct Answer
C
Correct Option:
₦1,500

About This Question

This is Post Utme Bells University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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