Post Utme Bsu 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice

Question 29 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A company prepares a trial balance at the end of the year. The trial balance shows a total debit balance of ₦200,000 and a total credit balance of ₦250,000. What is the reason for the difference?

A. The company has made a mistake in recording its transactions.

B. The company has outstanding checks that have not been recorded in the trial balance.

C. The company has deposited cash into the bank that has not been recorded in the trial balance.

Correct Answer D. The company has made an error in preparing the trial balance.

Correct Answer

Correct Option:

The company has made an error in preparing the trial balance.

This is Post Utme Bsu 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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