Post Utme Rhema University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its current assets by ₦10,000. However, its profit and loss account shows an increase in its revenue by ₦15,000. What is the likely cause of this discrepancy?

Answer Options

A. Error in recording revenue
Correct Answer B. Error in recording current assets
C. Error in preparing the balance sheet
D. Error in accounting records
Correct Answer
B
Correct Option:
Error in recording current assets

About This Question

This is Post Utme Rhema University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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