Post Utme Delsu 2022 Accounting Question 11

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

Post Utme Delsu 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_DELSU • 2022 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦1,500 between the debit and credit sides. The company's accountant suspects that the discrepancy is due to an error in the posting of a transaction. Which of the following steps should the accountant take first?

Answer Options

A. Verify the accuracy of the transaction journal entry
B. Reconcile the bank statement with the company's ledger
Correct Answer C. Investigate the error in the posting of the transaction
D. Prepare a new trial balance
Correct Answer
C
Correct Option:
Investigate the error in the posting of the transaction

About This Question

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

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