Post Utme Ims U 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦10,000 in the 'Accrued Expenses' account. What is the effect of this account on the company's financial position?

Answer Options

A. The company has a current asset
Correct Answer B. The company has a current liability
C. The company has a non-current asset
D. The company has a non-current liability
Correct Answer
B
Correct Option:
The company has a current liability

About This Question

This is Post Utme Ims U 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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