Post Utme Unilorin 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNILORIN • 2019 • ACCOUNTING • objective

A company maintains a cash book and a sales ledger. The cash book shows a balance of ₦120,000. The sales ledger shows a balance of ₦150,000. The company's accountant has prepared a trial balance that shows a total debit balance of ₦180,000 and a total credit balance of ₦160,000. What is the correct explanation for the discrepancy between the cash book balance and the trial balance?

Answer Options

A. The company has made an error in recording a sale.
B. The company has made an error in recording a purchase.
Correct Answer C. The company has made an error in preparing the trial balance.
D. The company has made an error in recording a cash receipt.
Correct Answer
C
Correct Option:
The company has made an error in preparing the trial balance.

About This Question

This is Post Utme Unilorin 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.

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