Post Utme Covenant University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The ledger shows a balance of ₦100,000 in the account 'Sales'. However, the company's records show that the sales were actually ₦120,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has not recorded a sale of ₦20,000.
B. The company has not recorded a purchase 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 sale of ₦20,000.

About This Question

This is Post Utme Covenant University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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