Post Utme Pan Atlantic University 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 11 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Rent Expense' account. However, the company's accounting records indicate that the rent expense for the year was ₦20,000. What is the likely cause of the discrepancy?

Answer Options

A. The rent expense was incorrectly recorded as a credit.
Correct Answer B. The rent expense was incorrectly recorded as a debit.
C. The rent expense was not recorded at all.
D. The rent expense was recorded in the wrong account.
Correct Answer
B
Correct Option:
The rent expense was incorrectly recorded as a debit.

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

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