Post Utme Covenant University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows a credit balance in the account 'Dividends' of ₦50,000. However, the company's financial statements show a debit balance of ₦50,000 in the same account. What is the most likely cause of this discrepancy?

Answer Options

Correct Answer A. Error in journalizing dividends paid
B. Error in posting dividends paid
C. Error in preparing the trial balance
D. Error in preparing the financial statements
Correct Answer
A
Correct Option:
Error in journalizing dividends paid

About This Question

This is Post Utme Covenant University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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