Post Utme Madonna University 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 25 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a trial balance that shows a debit balance of ₦500,000. However, the company's ledger accounts show a credit balance of ₦600,000. What is the reason for the difference?

Answer Options

A. The company has a loan from a shareholder
B. The company has a deposit in a bank
C. The company has a cheque outstanding
Correct Answer D. The company has a credit note from a supplier
Correct Answer
D
Correct Option:
The company has a credit note from a supplier

About This Question

This is Post Utme Madonna University 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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