Post Utme Noun 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Noun Accounting examination.

Post Utme Noun 2022 Accounting Objective / Multiple Choice
Question 8 POST_UTME_NOUN • 2022 • ACCOUNTING • objective

A company's trading account shows a profit of ₦50,000. However, the profit and loss account shows a loss of ₦20,000. What is the reason for the discrepancy?

Answer Options

A. Error in trading account
B. Error in profit and loss account
Correct Answer C. Unrecorded expenses
D. Unrecorded income
Correct Answer
C
Correct Option:
Unrecorded expenses

About This Question

This is Post Utme Noun 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Noun Accounting examination.

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