Post Utme Mountain Top University 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦5,000. The accountant suspects an error in the posting of a transaction. The transaction involved the purchase of goods for ₦20,000, with a discount of 5%. The error is likely to be in the

Answer Options

A. posting of the purchases expense
Correct Answer B. posting of the discount allowed
C. posting of the purchases returns
D. posting of the cash paid to suppliers
Correct Answer
B
Correct Option:
posting of the discount allowed

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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