Post Utme Oau 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Oau Accounting examination.

Post Utme Oau 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2025 • ACCOUNTING • objective

A company's incomplete records show the following transactions: Debit ₦ 1,000,000 Cash ₦ 500,000 Accounts Payable ₦ 200,000 ₦ 1,700,000 Credit ₦ 1,000,000 Accounts Receivable ₦ 500,000 Salaries Payable ₦ 200,000 ₦ 1,700,000 Identify the error in the incomplete records.

Answer Options

A. The debit balance of Cash is incorrect.
Correct Answer B. The credit balance of Accounts Receivable is incorrect.
C. The debit balance of Accounts Payable is incorrect.
D. The credit balance of Salaries Payable is incorrect.
Correct Answer
B
Correct Option:
The credit balance of Accounts Receivable is incorrect.

About This Question

This is Post Utme Oau 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Oau Accounting examination.

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