Post Utme Uniben 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Uniben Accounting examination.

Post Utme Uniben 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIBEN • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the accounts payable account. However, the company's ledger shows a credit balance of ₦20,000 in the accounts payable account. What is the correct treatment for this discrepancy?

Answer Options

A. Debit the accounts payable account by ₦50,000
B. Credit the accounts payable account by ₦20,000
Correct Answer C. Debit the accounts payable account by ₦30,000
D. Credit the accounts payable account by ₦50,000
Correct Answer
C
Correct Option:
Debit the accounts payable account by ₦30,000

About This Question

This is Post Utme Uniben 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Uniben Accounting examination.

View More Post Utme Uniben 2025 Accounting Questions More Post Utme Uniben 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