Post Utme Veritas University 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦300,000. However, the profit and loss account shows a loss of ₦100,000. 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 15. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support