Post Utme Bowen University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. However, the profit and loss account shows a loss of ₦150,000. What is the reason for this discrepancy?

Answer Options

A. The company has not recorded a sale.
B. The company has not recorded a purchase.
Correct Answer C. The company has not recorded a bank charge.
D. The company has not recorded a cash receipt.
Correct Answer
C
Correct Option:
The company has not recorded a bank charge.

About This Question

This is Post Utme Bowen University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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