Post Utme Ims U 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice

Question 22 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦10,000. The company's accountant suspects that the error occurred due to an incorrect posting of a transaction. Which of the following steps should the accountant take to correct the error?

Answer Options

Correct Answer A. Repost the transaction

B. Reconcile the bank statement

C. Adjust the trial balance

D. Revalue the assets

Correct Answer

Correct Option:

Repost the transaction

About This Question

This is Post Utme Ims U 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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