Post Utme Lautech 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

A company has a trial balance that shows a debit balance of ₦50,000 in the accounts payable account. However, the ledger accounts show a credit balance of ₦20,000 in the accounts payable account. What is the reason for the discrepancy?

Answer Options

Correct Answer A. The company has not recorded the accounts payable account.
B. The company has not recorded the accounts receivable account.
C. The company has not recorded the cash account.
D. The company has not recorded the bank account.
Correct Answer
A
Correct Option:
The company has not recorded the accounts payable account.

About This Question

This is Post Utme Lautech 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

View More Post Utme Lautech 2025 Accounting Questions More Post Utme Lautech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support