Post Utme Pan Atlantic University 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet shows a current asset of ₦30,000 in the 'Accounts Payable' account. However, the company's accounting records indicate that the accounts payable for the year were ₦20,000. What is the likely cause of the discrepancy?

Answer Options

Correct Answer A. The accounts payable were incorrectly recorded as a debit.
B. The accounts payable were incorrectly recorded as a credit.
C. The accounts payable were not recorded at all.
D. The accounts payable were recorded in the wrong account.
Correct Answer
A
Correct Option:
The accounts payable were incorrectly recorded as a debit.

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 16. 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