Post Utme Wellspring University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice

Question 22 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following trial balance: Debit 10,000, Credit 12,000. What is the correct treatment for this discrepancy?

Answer Options

Correct Answer A. Debit the difference to the income statement

B. Credit the difference to the income statement

C. Debit the difference to the balance sheet

D. Credit the difference to the balance sheet

Correct Answer

Correct Option:

Debit the difference to the income statement

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

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