Post Utme Noun 2022 Accounting Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Noun Accounting examination.

Post Utme Noun 2022 Accounting Objective / Multiple Choice
Question 9 POST_UTME_NOUN • 2022 • ACCOUNTING • objective

A company's balance sheet shows a total asset value of ₦100,000. However, the total liability value is ₦80,000. What is the reason for the discrepancy?

Answer Options

A. Error in balance sheet
B. Error in accounting records
Correct Answer C. Unrecorded assets
D. Unrecorded liabilities
Correct Answer
C
Correct Option:
Unrecorded assets

About This Question

This is Post Utme Noun 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Noun Accounting examination.

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