Post Utme Lead City University 2021 Accounting Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The ledger shows a balance of ₦120,000. However, the trial balance shows a balance of ₦100,000. What is the reason for the difference?

Answer Options

A. The company has not recorded all its transactions.
Correct Answer B. The company has made an error in its accounting records.
C. The company has not updated its ledger.
D. The company has not prepared its trial balance.
Correct Answer
B
Correct Option:
The company has made an error in its accounting records.

About This Question

This is Post Utme Lead City University 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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