Post Utme Oau 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Oau Accounting examination.

Post Utme Oau 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_OAU • 2019 • ACCOUNTING • objective

A company's trial balance shows a discrepancy of ₦10,000 between the debit and credit balances. The company's accountant suspects that the discrepancy is due to an error in the recording of a transaction. What is the correct procedure to follow to correct the error?

Answer Options

Correct Answer A. Reconcile the trial balance with the ledger accounts
B. Reconcile the ledger accounts with the bank statement
C. Reconcile the trial balance with the bank statement
D. Reconcile the ledger accounts with the trial balance
Correct Answer
A
Correct Option:
Reconcile the trial balance with the ledger accounts

About This Question

This is Post Utme Oau 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Oau Accounting examination.

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