Post Utme Mountain Top University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000. However, the total liabilities and equity is ₦600,000. 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.
C. The company has not recorded a bank deposit.
Correct Answer D. The company has not recorded a bank withdrawal.
Correct Answer
D
Correct Option:
The company has not recorded a bank withdrawal.

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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