Post Utme Unilorin 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice

Question 32 POST_UTME_UNILORIN • 2022 • ACCOUNTING • objective

A company's trial balance as of December 31, 2022, is shown below. Identify the error in the trial balance.

Answer Options

Correct Answer A. The debit balance in the Cash account is 10,000, but the credit balance in the Accounts Payable account is 15,000.

B. The debit balance in the Accounts Payable account is 15,000, but the credit balance in the Cash account is 10,000.

C. The debit balance in the Accounts Receivable account is 20,000, but the credit balance in the Sales Revenue account is 25,000.

D. The debit balance in the Sales Revenue account is 25,000, but the credit balance in the Accounts Receivable account is 20,000.

Correct Answer

Correct Option:

The debit balance in the Cash account is 10,000, but the credit balance in the Accounts Payable account is 15,000.

About This Question

This is Post Utme Unilorin 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

View More Post Utme Unilorin 2022 Accounting Questions More Post Utme Unilorin 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