Post Utme Oau 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_OAU • 2020 • 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
Correct Answer B. Error in profit and loss account
C. Error in balance sheet
D. Error in cash book
Correct Answer
B
Correct Option:
Error in profit and loss account

About This Question

This is Post Utme Oau 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.

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