Post Utme Caleb University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account shows a profit of ₦600,000. However, the profit and loss account shows a loss of ₦300,000. What is the reason for the discrepancy?

Answer Options

A. The company has not recorded a gain on the sale of assets.
B. The company has not recorded a loss on the sale of assets.
Correct Answer C. The company has not recorded a depreciation expense.
D. The company has not recorded a gain on the sale of investments.
Correct Answer
C
Correct Option:
The company has not recorded a depreciation expense.

About This Question

This is Post Utme Caleb University 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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