Post Utme Coal City University 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • 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 likely reason for the discrepancy?

Answer Options

Correct Answer A. The company has not yet recorded the depreciation of assets.
B. The company has not yet recorded the provision for bad debts.
C. The company has not yet recorded the interest on loans.
D. The company has not yet recorded the sale of assets.
Correct Answer
A
Correct Option:
The company has not yet recorded the depreciation of assets.

About This Question

This is Post Utme Coal City University 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Coal City University Accounting examination.

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