Post Utme Pan Atlantic University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit: 100,000, Credit: 120,000 What is the correct treatment for the difference?

Answer Options

Correct Answer A. Debit: 20,000, Credit: 20,000
B. Debit: 20,000, Credit: 40,000
C. Debit: 40,000, Credit: 20,000
D. Debit: 60,000, Credit: 60,000
Correct Answer
A
Correct Option:
Debit: 20,000, Credit: 20,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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