Post Utme Esut 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A company's trial balance as at December 31, 2023, is as follows: Debit ₦ 1,000,000 Credit ₦ 800,000 Identify the error in the trial balance.

Answer Options

A. The debit balance is ₦200,000 more than the credit balance.
Correct Answer B. The credit balance is ₦200,000 more than the debit balance.
C. The debit balance is ₦100,000 more than the credit balance.
D. The credit balance is ₦100,000 more than the debit balance.
Correct Answer
B
Correct Option:
The credit balance is ₦200,000 more than the debit balance.

About This Question

This is Post Utme Esut 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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