Post Utme Lasu 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice

Question 22 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit: 10,000 Credit: 12,000 What is the correct treatment for the above discrepancy?

Correct Answer A. Debit the difference to the income statement

B. Credit the difference to the income statement

C. Debit the difference to the balance sheet

D. Credit the difference to the balance sheet

Correct Answer

Correct Option:

Debit the difference to the income statement

This is Post Utme Lasu 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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