Post Utme Rhema University 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

The following trial balance of a company is given: Debit Credit ₦ Cash ₦100,000 ₦ Bank Loan ₦200,000 ₦ Accounts Payable ₦150,000 ₦ Common Stock ₦300,000 ₦ Retained Earnings ₦100,000 ₦ Total ₦1,050,000 ₦ Identify the error in the trial balance and correct it.

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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