Post Utme Igbinedion University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦10,000 between the debit and credit balances. What is the correct procedure to investigate the discrepancy?

Answer Options

Correct Answer A. Compare the trial balance with the general ledger to identify any discrepancies
B. Reconcile the bank statement with the cash book to identify any errors
C. Verify the accuracy of the journal entries to identify any errors
D. Reconcile the accounts payable with the accounts receivable to identify any errors
Correct Answer
A
Correct Option:
Compare the trial balance with the general ledger to identify any discrepancies

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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