Post Utme Unn 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice

Question 13 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company's balance sheet shows a total asset value of ₦500,000. However, the total liability value is ₦300,000. What is the likely reason for the discrepancy?

A. The company has an error in its balance sheet.

B. The company has an asset that has not been recorded.

C. The company has a liability that has not been recorded.

Correct Answer D. The company has an equity that has not been recorded.

Correct Answer

Correct Option:

The company has an equity that has not been recorded.

This is Post Utme Unn 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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