Post Utme Rhema University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its non-current liabilities by ₦5,000. However, its profit and loss account shows an increase in its expenses by ₦8,000. What is the likely cause of this discrepancy?

Answer Options

A. Error in recording non-current liabilities
Correct Answer B. Error in recording expenses
C. Error in preparing the balance sheet
D. Error in accounting records
Correct Answer
B
Correct Option:
Error in recording expenses

About This Question

This is Post Utme Rhema University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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