Post Utme Igbinedion University 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance showed an error of ₦10,000 due to an incorrect posting of a transaction. The error was discovered during the preparation of the balance sheet. What is the correct accounting treatment for this error?

Answer Options

Correct Answer A. Correct the error by adjusting the trial balance.
B. Correct the error by adjusting the balance sheet.
C. Correct the error by adjusting the income statement.
D. Correct the error by adjusting the cash book.
Correct Answer
A
Correct Option:
Correct the error by adjusting the trial balance.

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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