Post Utme Esut 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice

Question 30 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company has the following Trial Balance: Debit: ₦100,000, Credit: ₦120,000. What is the error in the Trial Balance?

A. The debit balance is higher than the credit balance

Correct Answer B. The credit balance is higher than the debit balance

C. The debit balance is equal to the credit balance

D. The debit balance is lower than the credit balance

Correct Answer

Correct Option:

The credit balance is higher than the debit balance

This is Post Utme Esut 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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