Post Utme Wellspring University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a control account for its accounts payable. The control account balance is ₦50,000, and the ledger account balance is ₦60,000. What is the reason for the difference?

Answer Options

A. The control account is understated
Correct Answer B. The control account is overstated
C. The ledger account is understated
D. The ledger account is overstated
Correct Answer
B
Correct Option:
The control account is overstated

About This Question

This is Post Utme Wellspring University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Wellspring University Accounting examination.

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