Post Utme Covenant University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the account 'Accrued Expenses'. However, the company's ledger shows a credit balance of ₦20,000 in the same account. What is the correct balance in the account 'Accrued Expenses'?

Answer Options

Correct Answer A. ₦30,000
B. ₦50,000
C. ₦70,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Covenant University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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