Post Utme Futo 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice

Question 14 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company prepares a trial balance and discovers that the total debit balance is ₦100,000 and the total credit balance is ₦80,000. What is the reason for the difference?

A. The company has not recorded a transaction of ₦20,000

B. The company has not recorded a journal entry of ₦20,000

C. The company has not recorded a bank reconciliation of ₦20,000

Correct Answer D. The company has not recorded a correction of errors of ₦20,000

Correct Answer

Correct Option:

The company has not recorded a correction of errors of ₦20,000

This is Post Utme Futo 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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