Post Utme Veritas University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦500,000. However, the profit and loss account shows a loss of ₦200,000. What is the reason for the difference?

Answer Options

A. Error in trading account
B. Error in profit and loss account
Correct Answer C. Unrecorded expenses
D. Unrecorded revenues
Correct Answer
C
Correct Option:
Unrecorded expenses

About This Question

This is Post Utme Veritas University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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