Post Utme Christopher University 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦1,500 in the 'Office Supplies' account. However, the company's accountant has informed you that the 'Office Supplies' account is a control account. What is the most likely reason for the debit balance in the 'Office Supplies' account?

Answer Options

A. The company has purchased office supplies on credit.
B. The company has sold office supplies on credit.
Correct Answer C. The company has not recorded the purchase of office supplies.
D. The company has not recorded the sale of office supplies.
Correct Answer
C
Correct Option:
The company has not recorded the purchase of office supplies.

About This Question

This is Post Utme Christopher University 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Christopher University Accounting examination.

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