Post Utme Covenant University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company prepares a trial balance. The trial balance shows a debit balance of ₦50,000 in the account 'Office Expenses'. However, the company's records show that the office expenses were actually ₦30,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has not recorded a payment of ₦20,000.
B. The company has not recorded a receipt of ₦20,000.
C. The company has not recorded a loan of ₦20,000.
D. The company has not recorded a deposit of ₦20,000.
Correct Answer
A
Correct Option:
The company has not recorded a payment of ₦20,000.

About This Question

This is Post Utme Covenant University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

View More Post Utme Covenant University 2023 Accounting Questions More Post Utme Covenant University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support