Post Utme Eksu 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Eksu Accounting examination.

Post Utme Eksu 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2025 • ACCOUNTING • objective

The trial balance of XYZ Ltd. as at 31st December 2024 is as follows: Debit ----------------- ₦1,500,000 ₦2,000,000 ₦3,000,000 ₦4,000,000 ₦5,000,000 ₦6,000,000 ₦7,000,000 ₦8,000,000 ₦9,000,000 ₦10,000,000 Credit ----------------- ₦1,000,000 ₦2,000,000 ₦3,000,000 ₦4,000,000 ₦5,000,000 ₦6,000,000 ₦7,000,000 ₦8,000,000 ₦9,000,000 ₦10,000,000 Identify the error in the trial balance.

Answer Options

A. The debit balance is ₦1,000,000 more than the credit balance.
B. The credit balance is ₦1,000,000 more than the debit balance.
Correct Answer C. The debit balance is ₦10,000,000 more than the credit balance.
D. The credit balance is ₦10,000,000 more than the debit balance.
Correct Answer
C
Correct Option:
The debit balance is ₦10,000,000 more than the credit balance.

About This Question

This is Post Utme Eksu 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Eksu Accounting examination.

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