Post Utme Lautech 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦10,000 in the accounts payable account. However, the ledger account shows a credit balance of ₦5,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has an outstanding invoice that has not been recorded.
B. The company has paid an invoice that has not been recorded.
Correct Answer C. The company has recorded an incorrect entry in the accounts payable account.
D. The company has an error in the ledger account.
Correct Answer
C
Correct Option:
The company has recorded an incorrect entry in the accounts payable account.

About This Question

This is Post Utme Lautech 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

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