Post Utme Bsu 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BSU • 2022 • ACCOUNTING • objective

A company uses the cash book to record all cash transactions. However, the cash book is not balanced. The trial balance shows a discrepancy of ₦1,500. The company's accountant suspects that the discrepancy is due to an error in the cash book. Which of the following steps should the accountant take to correct the error?

Answer Options

A. Reconcile the bank statement with the cash book
Correct Answer B. Verify the cash book entries for the past month
C. Check the cash book for any unrecorded transactions
D. Reconcile the cash book with the general ledger
Correct Answer
B
Correct Option:
Verify the cash book entries for the past month

About This Question

This is Post Utme Bsu 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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