Post Utme Uniport 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

A company's balance sheet shows a current liability of ₦100,000. However, the company's accounting records show that the liability was actually settled in cash. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet recorded the settlement of the liability.
Correct Answer B. The company has not yet debited the 'Cash' account.
C. The company has not yet credited the 'Liability' account.
D. The company's balance sheet is not up-to-date.
Correct Answer
B
Correct Option:
The company has not yet debited the 'Cash' account.

About This Question

This is Post Utme Uniport 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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