Post Utme Mountain Top University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance showed a discrepancy of ₦ 1,000. The company's accountant suspected that the discrepancy was due to an error in the journal entry for the purchase of a piece of equipment. The accountant prepared the following schedule to investigate the error:

Answer Options

Correct Answer A. The error is due to an error in the journal entry for the purchase of the equipment.
B. The error is due to an error in the trial balance.
C. The error is due to an error in the accounting equation.
D. The error is due to an error in the accounting records.
Correct Answer
A
Correct Option:
The error is due to an error in the journal entry for the purchase of the equipment.

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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