Post Utme Babcock University 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows a difference of ₦15,000 between the debit and credit balances. The company's accountant suspects that the difference is due to an error in the posting of a transaction. Which of the following steps should the accountant take first?

Answer Options

Correct Answer A. Verify the journal entries for the period to identify the error.
B. Reconcile the bank statement to ensure that all transactions have been recorded.
C. Check the cash book to ensure that all cash transactions have been recorded.
D. Prepare a revised trial balance to reflect the correct balances.
Correct Answer
A
Correct Option:
Verify the journal entries for the period to identify the error.

About This Question

This is Post Utme Babcock University 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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