Post Utme Igbinedion University 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account shows a profit of ₦50,000. However, the profit and loss account shows a loss of ₦20,000. The difference of ₦70,000 is due to _______.

Answer Options

A. Error in trading account
Correct Answer B. Error in profit and loss account
C. Error in accounting equation
D. Error in accounting principles
Correct Answer
B
Correct Option:
Error in profit and loss account

About This Question

This is Post Utme Igbinedion University 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Igbinedion University Accounting examination.

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