Post Utme Ims U 2023 Accounting Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 21 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦5,000 between the debit and credit sides. The company's accountant suspects that the discrepancy is due to an error in the journal entries. Which of the following steps should the accountant take first?

Answer Options

Correct Answer A. Verify the journal entries for the past month
B. Reconcile the bank statement with the cash book
C. Check for any unrecorded transactions
D. Recompute the trial balance
Correct Answer
A
Correct Option:
Verify the journal entries for the past month

About This Question

This is Post Utme Ims U 2023 Accounting Question 21. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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