Post Utme Eksu 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice

Question 1 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book is a valuable tool for managing cash flows. However, it can be prone to errors if not properly maintained. Which of the following is a common error that can occur in the cash book?

A. Omitting to record a transaction

Correct Answer B. Recording a transaction twice

C. Failing to reconcile the cash book with the bank statement

D. Using the wrong date for a transaction

Correct Answer

Correct Option:

Recording a transaction twice

This is Post Utme Eksu 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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