Post Utme Igbinedion University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2024 is as follows: Debit ₦ 50,000 ₦ 30,000 ₦ 20,000 ₦ 10,000 Credit ₦ 40,000 ₦ 25,000 ₦ 15,000 ₦ 5,000 Identify the error in the trial balance.

Answer Options

A. The debit balance of the account 'Cash' is incorrect.
B. The credit balance of the account 'Accounts Payable' is incorrect.
Correct Answer C. The debit balance of the account 'Accounts Receivable' is incorrect.
D. The credit balance of the account 'Common Stock' is incorrect.
Correct Answer
C
Correct Option:
The debit balance of the account 'Accounts Receivable' is incorrect.

About This Question

This is Post Utme Igbinedion University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Igbinedion University Accounting examination.

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