Post Utme Crawford University 2025 Accounting Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice

Question 28 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦5,000 between the debit and credit balances. What is the correct procedure to rectify this discrepancy?

Answer Options

Correct Answer A. Prepare a suspense account and post the discrepancy to it.

B. Prepare a journal entry to rectify the discrepancy.

C. Reconcile the trial balance with the bank statement.

D. Revalue the assets and liabilities of the company.

Correct Answer

Correct Option:

Prepare a suspense account and post the discrepancy to it.

About This Question

This is Post Utme Crawford University 2025 Accounting Question 28. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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