Post Utme Achievers University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a trial balance that shows a difference of ₦5,000 between the debit and credit balances. What is the next step in correcting this difference?

Answer Options

A. To prepare a statement of financial position
B. To prepare a statement of cash flows
C. To prepare a statement of financial activities
Correct Answer D. To investigate the cause of the difference and make the necessary adjustments
Correct Answer
D
Correct Option:
To investigate the cause of the difference and make the necessary adjustments

About This Question

This is Post Utme Achievers University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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