Waec Model Questions Vol1 2020 Financial Accounting Question 36
Practice objective / multiple choice question 36 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
The unadjusted trial balance of a sole trader shows total debit balances of ₦1,560,000 and total credit balances of ₦1,480,000. It is known that exactly one account amount was posted on the wrong side (debit instead of credit or vice‑versa). Determine the amount of the mis‑posted entry.
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 36. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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