Post Utme Bells University 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Office Supplies'. However, the company's accountant is certain that the correct balance should be a credit balance of ₦5,000. What is the likely cause of this error?

Answer Options

A. The company's accountant made an error in posting the journal entry.
B. The company's bookkeeper made an error in recording the transaction.
Correct Answer C. The company's trial balance was not properly reconciled.
D. The company's accounting software malfunctioned.
Correct Answer
C
Correct Option:
The company's trial balance was not properly reconciled.

About This Question

This is Post Utme Bells University 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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