Post Utme Mountain Top University 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trading account shows a profit of ₦150,000. However, the profit and loss account shows a loss of ₦80,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not recorded a bank loan.
B. The company has not recorded a bank overdraft.
Correct Answer C. The company has not recorded a bank deposit.
D. The company has not recorded a bank withdrawal.
Correct Answer
C
Correct Option:
The company has not recorded a bank deposit.

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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