Post Utme Ims U 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company prepares a trial balance but discovers that the debit and credit totals do not balance. The debit total is ₦150,000, while the credit total is ₦140,000. What is the cause of the discrepancy?

Answer Options

A. The company has not recorded a sale of ₦10,000.
Correct Answer B. The company has not recorded a purchase of ₦20,000.
C. The company has not recorded a deposit of ₦30,000.
D. The company has not recorded a withdrawal of ₦40,000.
Correct Answer
B
Correct Option:
The company has not recorded a purchase of ₦20,000.

About This Question

This is Post Utme Ims U 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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