Post Utme Uniosun 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A company prepares a trial balance but discovers that the debit and credit totals do not agree. The debit total is ₦1,500,000 and the credit total is ₦1,800,000. What is the reason for the difference?

Answer Options

A. The company has not recorded all its transactions in the trial balance.
Correct Answer B. The company has made an error in the preparation of the trial balance.
C. The company has not included all its accounts in the trial balance.
D. The company has not checked the trial balance for errors.
Correct Answer
B
Correct Option:
The company has made an error in the preparation of the trial balance.

About This Question

This is Post Utme Uniosun 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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