Post Utme Noun 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice

Question 9 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company prepares its trial balance and discovers an error in the accounts. The error is due to a mistake in the recording of a transaction. What is the correct procedure to follow?

Correct Answer A. Prepare a revised trial balance to reflect the correct transaction.

B. Reconcile the trial balance with the ledger accounts.

C. Ignore the error and use the original trial balance.

D. Contact the auditor to rectify the error.

Correct Answer

Correct Option:

Prepare a revised trial balance to reflect the correct transaction.

This is Post Utme Noun 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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