Post Utme Bowen University 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

A. The company has not recorded a sale of ₦50,000.
B. The company has not recorded a purchase of ₦50,000.
Correct Answer C. The company has not recorded a depreciation of ₦50,000.
D. The company has not recorded a loan of ₦50,000.
Correct Answer
C
Correct Option:
The company has not recorded a depreciation of ₦50,000.

About This Question

This is Post Utme Bowen University 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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