Post Utme Pan Atlantic University 2025 Accounting Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦5,000 in the 'Rent Income' account. However, the company's accounting records indicate that the rent income for the year was ₦10,000. What is the likely cause of the discrepancy?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 15. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

View More Post Utme Pan Atlantic University 2025 Accounting Questions More Post Utme Pan Atlantic University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support