Post Utme Delsu 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Delsu Accounting examination.

Post Utme Delsu 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_DELSU • 2021 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦1,500 between the debit and credit sides. The company's accountant has identified the following errors: (i) an incorrect posting of a debit of ₦2,000 to the wrong account, (ii) an incorrect posting of a credit of ₦1,500 to the wrong account, and (iii) an incorrect posting of a debit of ₦500 to the wrong account. What is the correct amount of the discrepancy?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,500
C. ₦2,000
D. ₦2,500
Correct Answer
B
Correct Option:
₦1,500

About This Question

This is Post Utme Delsu 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Delsu Accounting examination.

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