Post Utme Uniport 2025 Accounting Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the 'Rent Expense' account. However, the company's accounting records show that the rent was actually paid in cash. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet recorded the rent expense.
B. The company has not yet paid the rent.
Correct Answer C. The company has not yet debited the 'Rent Expense' account.
D. The company's trial balance is not up-to-date.
Correct Answer
C
Correct Option:
The company has not yet debited the 'Rent Expense' account.

About This Question

This is Post Utme Uniport 2025 Accounting Question 22. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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