Post Utme Nile University 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The ledger shows a balance of ₦100,000 on December 31. However, the trial balance shows a balance of ₦120,000 on the same date. What is the reason for the difference?

Answer Options

Correct Answer A. The company has a loan from a shareholder.
B. The company has a deposit in a bank.
C. The company has a credit card balance.
D. The company has a debit card balance.
Correct Answer
A
Correct Option:
The company has a loan from a shareholder.

About This Question

This is Post Utme Nile University 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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