Post Utme Veritas University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's single entry system showed a balance of ₠ 20,000. However, the company's trial balance showed a balance of ₠ 22,000. What is the reason for the difference?

Answer Options

A. Error in journalizing
B. Error in posting
C. Error in trial balance preparation
Correct Answer D. Error in single entry system preparation
Correct Answer
D
Correct Option:
Error in single entry system preparation

About This Question

This is Post Utme Veritas University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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