Post Utme Nile University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's single entry system shows a total debit balance of ₦200,000. However, the company's trial balance shows a total debit balance of ₦250,000. What is the reason for the discrepancy?

Answer Options

Correct Answer A. The company has made an error in its single entry system
B. The company has made an error in its trial balance
C. The company has made an error in its cash book
D. The company has made an error in its bank reconciliation statement
Correct Answer
A
Correct Option:
The company has made an error in its single entry system

About This Question

This is Post Utme Nile University 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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