Post Utme Delsu 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Delsu Accounting examination.

Post Utme Delsu 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_DELSU • 2024 • ACCOUNTING • objective

A company's trial balance showed a discrepancy of 1,000 between the debit and credit sides. The company's accountant suspected that the discrepancy was due to an error in the recording of a transaction. The accountant decided to prepare a worksheet to locate the error. Which of the following steps should the accountant take first?

Answer Options

Correct Answer A. Prepare a list of all the accounts and their balances
B. Prepare a list of all the transactions and their effects on the accounts
C. Prepare a list of all the accounts with debit balances and a list of all the accounts with credit balances
D. Prepare a list of all the accounts with balances that are not zero
Correct Answer
A
Correct Option:
Prepare a list of all the accounts and their balances

About This Question

This is Post Utme Delsu 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Delsu Accounting examination.

View More Post Utme Delsu 2024 Accounting Questions More Post Utme Delsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support