Post Utme Uniport 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2022 is as follows: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | ₦0 | | Accounts Payable | ₦0 | ₦30,000 | | Sales Revenue | ₦0 | ₦120,000 | | Cost of Goods Sold | ₦80,000 | ₦0 | | Net Income | ₦0 | ₦0 | | Total | ₦130,000 | ₦150,000 | Identify the error in the trial balance.

Answer Options

Correct Answer A. The debit and credit totals do not balance.
B. The net income is not zero.
C. The accounts payable is not zero.
D. The sales revenue is not zero.
Correct Answer
A
Correct Option:
The debit and credit totals do not balance.

About This Question

This is Post Utme Uniport 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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