Post Utme Covenant University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance in the account 'Salaries' of ₦150,000. However, the company's financial statements show a credit balance of ₦150,000 in the same account. What is the most likely cause of this discrepancy?

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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