Post Utme Summit University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Summit University Accounting examination.

Post Utme Summit University 2019 Accounting Objective / Multiple Choice

Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows a balance of ₦100,000, but the balance sheet shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

A. Error in trial balance

B. Error in balance sheet

Correct Answer C. Both trial balance and balance sheet errors

D. Neither trial balance nor balance sheet errors

Correct Answer

Correct Option:

Both trial balance and balance sheet errors

About This Question

This is Post Utme Summit University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.

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