Post Utme Futo 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company uses a control account to record its sales. The control account shows a balance of ₦200,000. However, the company's sales ledger shows a balance of ₦250,000. What is the reason for the difference?

Answer Options

A. The company has not recorded a sale of ₦50,000
B. The company has not recorded a return of ₦50,000
C. The company has not recorded a discount of ₦50,000
Correct Answer D. The company has not recorded a bad debt of ₦50,000
Correct Answer
D
Correct Option:
The company has not recorded a bad debt of ₦50,000

About This Question

This is Post Utme Futo 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

View More Post Utme Futo 2019 Accounting Questions More Post Utme Futo Practice Questions Back to Questions

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